2300                                          LAWS OF MARYLAND                      [Ch. 682

to time by the General Assembly in any Annual State
Budget Bill for the payment of principal and interest on
bonds issued pursuant to this Act shall be deposited in
the Annuity Bond Fund by the State Comptroller to be
applied to the payment of principal and interest on bonds
issued pursuant to this Act.

SECTION 7. AND BE IT FURTHER ENACTED, That the
payment of any funds under the provisions of this Act for
the purpose of aiding in the acquisition of the Peterson,
Howell and Heather Building at 2701 North Charles Street,
in Baltimore City, for use as headquarters of the
Baltimore Regional Red Cross shall be contingent upon the
provision by Baltimore Regional Red Cross of One Million
Dollars ($1,000,000) for this project from private
sources. The said Baltimore Regional Red Cross shall
have until January 1, 1976, to present evidence
satisfactory to the Board of Public Works that it has
raised at least One Million Dollars ($1,000,000) for the
purpose of aiding in the acquisition of the Peterson,
Howell and Heather Building, at 2701 North Charles
Street, in Baltimore City, for use as headquarters of the
Baltimore Regional Red Cross. Upon receiving from the
Board of Public Works a certification of such suitable
evidence on or before January 1, 1976, the Treasurer of
the State is hereby authorized, empowered and directed to
proceed to spend the proceeds of said loan [[agreeably to
the]] in accordance with other provisions of this Act.
If such satisfactory evidence of the raising of at least
One Million Dollars ($1,000,000) for this project is not
presented to the Board of Public Works on or before
January 1, 1976, no funds under the provisions of this
Act shall thereafter be paid over to or expended for the
purpose of aiding in the acquisition of the Peterson,
Howell and Heather Building at 2701 North Charles Street,
in Baltimore City, for use as headquarters of the
Baltimore Regional Red Cross.

SECTION 8. AND BE IT FURTHER ENACTED, That until
all of the interest on and principal of any bonds issued
under this Act shall have been paid in full, there is
hereby levied and imposed an annual State tax on each
$100 of assessable property at the rate to be determined
in the following manner: On or before May 1, 1975 and on
or before May 1 in each taxable year thereafter, the
Board of Public Works shall certify to the governing
bodies of each of the counties and Baltimore City the
rate of State tax on each $100 of assessable property
necessary to produce revenue to meet interest and
principal which will be payable to the close of the next
ensuing taxable year on all bonds theretofore issued or
authorized by resolution of the Board of Public Works to
be issued, and the governing bodies of each of the