MARVIN MANDEL, Governor

3307

(b) [[and 59-56(c)]] of the Public Local Laws of Prince
George's County being Article 17 of the Code of Public
Local Laws of Maryland (1963 Edition and 1967 Supplement,
as amended) be and [[they are]] it is hereby repealed and
re—enacted, with amendments, to read as follows:

Chapter 780

45. (85-45[[(d)]] (b) and 59-50[[(d)]] (b) )

(b)     Limitation on issue. The total amount of such
bonds outstanding at any time shall not exceed such
amount as can be redeemed within thirty (30) years from
date of issue by means of so much of the tax or taxes [of
twelve cents (12¢) in Montgomery County and eight and
one—half cents (8—1/2¢) in fiscal year 1970, and ten
cents (10¢) thereafter, in Prince George's County]
hereinafter authorized, as shall be pledged to the
payment of such bonds, to the extent that said taxes are
or are proposed to be levied in Montgomery County or
Prince George's County, or both; except that nothing
herein shall limit the right of the Commission to issue
bonds to meet the provisions of paragraphs or subsections
(a) and (b) of Section 1 of said Public Act 284, as
amended, as provided for in this subheading. In making
the calculation to determine compliance with the
limitation contained in this subsection, the Commission
may make the following assumption: (i) continued future
levy of said tax or taxes at the rate [of twelve cents
(12¢) in Montgomery County and eight and one—half cents
(8-1/2¢) in fiscal year 1970, and ten cents (10¢)
thereafter, in Prince George's County per one hundred
dollars ($100.00) of assessed value;] HEREINAFTER
ESTABLISHED FOR EACH COUNTY; (ii) that there will be one
hundred per centum (100%) collection of said tax in each
fiscal year and that the assessed value of property at
the time any such bonds are issued will remain constant.

[[51. (85-51 (c) and 59-56(c))

(c)        Required in Prince George's County. Of the
tax which the County Commissioners of Prince George's
County are authorized to levy in this subheading, the
said County Commissioners are required and directed to
levy, in each fiscal year at least [eight and one—half
cents (8-1/2¢)] 15 CENTS [in fiscal year 1970, and ten
cents (10¢) thereafter,] on each one hundred dollars
($100.00) of assessed value of all property subject to
assessment and taxation by the County Commissioners
within that portion of the Metropolitan District lying
within Prince George's County. The tax shall be levied
and paid over to the Commission in the manner prescribed
elsewhere in this subheading. The proceeds of the
collection of said tax shall be applied primarily to the