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Session Laws, 1975
Volume 716, Page 2483   View pdf image
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MARVIN MANDEL, Governor

2483

unless it shall have levied, in its current fiscal year,
taxes sufficient to collect a minimum of one dollar per
capita in revenue and unless it shall have certified a
copy of said levy to the State Comptroller; and provided
further, that any moneys, otherwise distributable under
this section, which shall not be distributed at the close
of the fiscal year of said county or municipality because
of failure of said county or municipality to make such
levy or certification, shall revert to the Transportation
Trust Fund. Per capita revenue shall be computed for
purposes of this section by using the population figures
furnished by the latest federal census, or by an official
local census, whichever is latest.

211G-1.

(a) In order to enable the mayor and city council of
Baltimore and the several counties of the State to
accelerate programs of construction and reconstruction,
to provide local participating funds for federally aided
[highway] [[CAPITAL]] TRANSPORTATION projects, and TO
PROVIDE FUNDS GENERALLY [[FOR]] TO FINANCE THE CAPITAL
COST OF TRANSPORTATION FACILITIES AS DEFINED IN SECTION 1
OF ARTICLE 94A AND TO ENABLE THE MAYOR AND CITY COUNCIL
OF BALTIMORE AND THE SEVERAL COUNTIES OF THE STATE to
make major road repairs necessary to eliminate damage
caused by severe and unforeseen weather conditions of
county roads, any county in the State of Maryland may
participate in the proceeds of the sale of bonds by the
Department of Transportation authorized by this subtitle.
As used herein, the term "county" shall include the mayor
and city council of Baltimore. The Department when
notified by any county of the State as hereinafter
provided, is hereby authorized to borrow money from time
to time as hereinafter limited and to evidence such
borrowing by the issue of its bonds in form and tenor
substantially as provided in §§ 211B and 211D of this
article and to disburse the proceeds of said borrowing
and pay the principal and interest of said bonds as
hereinafter provided. [Said] [[THE bonds]] BONDS ISSUED
PRIOR TO DECEMBER 31, 1975 PURSUANT TO THE AUTHORITY
GRANTED HEREUNDER shall be known as "Department of
Transportation—County Highway Construction Bonds—Second
Issue" [[UP TO AND INCLUDING THE FIFTH SERIES OF SUCH
BONDS, ISSUED PURSUANT TO RESOLUTIONS OF THE SECRETARY OF
TRANSPORTATION DATED AS OF AUGUST 21, 1974]]. BONDS
ISSUED [[BY THE DEPARTMENT OF TRANSPORTATION, PURSUANT TO
THE AUTHORITY SET FORTH IN THIS SECTION, AFTER THE SALE

OF "DEPARTMENT OF TRANSPORTATION--COUNTY HIGHWAY

CONSTRUCTION BONDS--SECOND ISSUE, FIFTH SERIES"]]

THEREAFTER SHALL BE KNOWN AS "DEPARTMENT OF

TRANSPORTATION--COUNTY TRANSPORTATION BONDS--FIRST

ISSUE". PROCEEDS FROM THE SALE OF THESE BONDS SHALL BE
USED BY THE COUNTIES FOR THE PURPOSES SET FORTH ABOVE.

 

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Session Laws, 1975
Volume 716, Page 2483   View pdf image
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