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Session Laws, 1975
Volume 716, Page 3733   View pdf image
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any of the purposes of this [subheading] TITLE. A grant
of monies under this Section shall be expended within the
county making the grant. Any [such] grant [is] MAY not
[to] exceed annually in Prince George's County an amount
equal to one—half of the County's share of the State
Income Tax. Any [such] grant by Montgomery County [is]
MAY not [to] exceed annually an amount equal to one—half
of that County's share of the State Income Tax plus
one-half the profits of the County Dispensary as turned
over to the County Treasurer. Further, the governing
bodies of the respective counties [are authorized at
their discretion to] MAY convey, lease, or [to] enter
into contracts or agreements with the Commission for use,
development, and maintenance by the Commission of County
property for the purposes of this [subtitle] ARTICLE.

[55.] 6-112.

(a)        When computed. At least [thirty (30)] 30 days
prior to the [ends] END of the fiscal years of Montgomery
and Prince George's Counties, respectively, the
Commission shall certify and submit to the appropriate
fiscal officers of [said] THE counties the net unexpended
balances in the hands of the Commission from monies
received by the Commission from park taxes theretofore
levied by [said] THE counties, respectively, as provided
elsewhere in this [subheading] TITLE. In Montgomery
County, the Commission [shall] also SHALL furnish at the
time requested by the Council an estimate of unexpended
balances as of the end of the County fiscal year as
information for the tax levy resolution.

(b)        The net unexpended balance for each county
shall be computed as PROVIDED in this subsection
[ provided]. The Commission shall deduct from its actual
unexpended cash receipts from [said] THE park tax an
amount equal to debt service for the next succeeding
fiscal year on bonds issued by it and outstanding with
respect to property acquired by it in [such] county, plus
an amount equal to the Commission's fixed obligations
under contracts the first six months of [said] THE
county's fiscal year, plus the amounts credited to the
Commission's self—insurance fund, plus the sum of
[$200,000.00] $200,000 with respect to Montgomery County
and [$150,000.00] $150,000 with respect to Prince
George's County. The difference between [said] THE two
totals shall be the net unexpended balance of the
Commission which the county may credit, as hereinafter
provided, against the amounts payable by that county to
the Commission in the next succeeding fiscal year,
pursuant to provisions elsewhere in this [subheading]

(c)        Levy of taxes by counties. When the county


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Session Laws, 1975
Volume 716, Page 3733   View pdf image
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