MARVIN MANDEL, Governor

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Resources. These latter projects may be expanded in
scope beyond that proposed in the specific appropriation
in this Act if the addition of federal funds makes this
possible, but not beyond the total park acreage or
development contemplated for the State park or recreation
area to which it applies, as evident from the master
plan for State parks and recreation areas as adopted by
the Department of Natural Resources.

SECTION 10. AND BE IT FURTHER ENACTED, That [[if]]
any project listed in Section 5 of this Act which shall
not have been contracted for within two (2) years from
the effective date of this Act[[, then such project]]
shall be deemed to have been abandoned. [[If the total]]
To the extent that the loan authorized herein shall have
been issued within two (2) years from the effective date
of this Act, then the amount specified herein for
[[said]] any such abandoned project shall be transferred
to the Annuity Bond Fund and shall be applied to the debt
service requirements of the State. [[If, however, the
total]] To the extent the loan authorized herein shall
not have been issued within two (2) years from the
effective date of this Act, then the total [[issuable]]
bonds authorized herein, but not yet issued shall be
reduced by the amount specified herein for [[said]] any
such abandoned project.

SECTION 11. AND BE IT FURTHER ENACTED, That all
funds which may be appropriated at any time or from time
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 12. 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