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Session Laws, 1975
Volume 716, Page 2541   View pdf image
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MARVIN MANDEL, Governor                           2541

and Batching fund for the purpose of assisting in
construction, renovation, improvement and equipping the
existing Prince George's County Detention Center,
including the payment of architects' and engineers' fees.
Upon receiving from the Board of Public Works a
certification of such suitable evidence on or before June
1, 1977. the Treasurer of the State is hereby authorised,
empowered and directed to proceed to spend the proceeds
of raid loan in accordance with the other provisions of
this Act. If such satisfactory evidence of the raising
of at least an equal and matching fund for this project
is not presented to the Board of Public Works on or
before June 1, 1977, no funds under the provisions of
this Act shall thereafter be paid over to or expanded for
the purpose of assisting in construction, renovation and

equipping the existing Prince George's County Detention

Center, including the payment of architects' and
engineers' fees.

SECTION [[7]] 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, 1976, 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
counties and of Baltimore City shall forthwith levy and
collect such tax at such rate.

Provided, however, that the levy or levies required
by this section shall not be made and the tax or taxes
shall not be collected in any year to the extent that, on
or before May 1, 1976, and on or before May 1 in each
taxable year thereafter the Board of Public Works
determines upon a certified statement rendered to the
Board by the State Comptroller that payment of principal
and interest on the bonds issued pursuant to this Act
will be met during the ensuing taxable year from funds
appropriated by the General Assembly, as provided in
Section 6 of this Act. Upon, and to the extent of, such
determination by the Board of Public Works, the Governor
shall, by proclamation issued pursuant to a resolution of
the Board of Public Works, declare that the taxes
required by this section shall not be collected or levied
in any such ensuing taxable year.

 

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Session Laws, 1975
Volume 716, Page 2541   View pdf image
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