1104

LAWS OF MARYLAND

[Ch. 162

CHAPTER 162
(Senate Bill 907)

AN ACT concerning

St. Mary's County — Debt Service

FOR the purpose of making a change in terminology
relating to the debt service in St. Mary's County;
and clarifying language.

BY repealing and re—enacting, with amendments,

The Public Local Laws of St. Mary's County
Section 162(a)

Article 19 — Public Local Laws of Maryland
(1965 Edition and 1974 Supplement, as amended)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 162(a) of the Public Local Laws of
St. Mary's County being Article 19 of the Code of Public
Local Laws of Maryland (1965 Edition and 1974 Supplement,
as amended) be and it is hereby repealed and re—enacted,
with amendments, to read as follows:

Article 19

162.

(a) For the purpose of retiring the bonds
authorized to be issued by this subtitle and of paying
the interest thereon, the Commission shall cause to be
levied, against all assessable property within [said] THE
sanitary districts for which (said] THE bonds have been
issued, by the County Commissioners of St. Mary's County
annually so long as any of [said] THE bonds are
outstanding and not paid, a tax sufficient to provide
[such] THE sum [as] the Commission may deem sufficient
and necessary, in conjunction with any amounts as the
Commission may estimate that it will be able to collect
out of the [benefit] DEBT SERVICE assessments therefor
levied by it but not yet paid and any further funds then
available for the purpose, to meet the interest on [said]
THE bonds as it becomes due and to pay the principal
thereof as the bonds mature, and [said] THE tax shall be
determined, levied, collected and paid over in the manner
following, that is to say, at least 75 days before July 1
of each year, the County Commissioners shall certify to
the Metropolitan Commission the whole valuation of the
assessable property within each sanitary district. The