MARVIN MANDEL, Governor

3741

roads (other than such arterial limited access highways),
[[within the Regional District]] in Prince George's
County [and all such]. THIS land acquisition shall be
subject to prior approval by the County Commissioners for
Prince George's County.

(e) For the purposes of this section, in Prince
George's County AND MONTGOMERY COUNTY the Commission [is
authorized to] MAY establish in its annual budget a
continuing land acquisition revolving fund from which
disbursements for the purposes of this section shall be
made, and the Commission [is authorized and empowered to]
MAY issue and sell serial bonds from time to time in
[such] amounts [as] it [may] deems necessary for [said]
THIS purpose. The total amount of [such] THE bonds
outstanding at any time [shall] MAY not exceed [such] AN
amount [as] WHICH can be redeemed within [thirty (30)] 30
years from the date of issue by means of a tax of three
cents [(3¢)] on each [one hundred dollars ($100.00)] $100
assessed valuation in Prince George's County AND
MONTGOMERY COUNTY; in making such calculation,
assumptions may be made as set forth in Section [45(b)]
6-102 (B) of this [title] ARTICLE. The provisions
relating to form, interest rate, sale, redemption,
guarantee, and liability contained in Section [45] 6—102
(Serial Bonds Generally) shall be equally applicable to
bonds issued pursuant to the provisions of this section.
The Board of County Commissioners for Prince George's
County AND MONTGOMERY COUNTY COUNCIL [is authorized to]
MAY levy against all of the property assessed for the
purposes of county taxation, annually a tax of not less
than one cent [(1¢) nor] OR more than three cents [(3¢)]
on each [one hundred dollars ($100.00)] $100 of assessed
valuation. The tax shall be levied notwithstanding the
fact that no interest may be due on [any said] THE bonds
or notes and/or notwithstanding the fact that no bonds or
notes whatever have been issued under this [subheading]
TITLE. [In the event that] IF a tax greater than one
cent [(1¢)] is levied in any year, then thereafter the
[said Board of] County Commissioners AND THE MONTGOMERY
COUNTY COUNCIL shall continue to levy a tax sufficient to
pay the interest on [said] THE bonds as it becomes due
and to pay the principal thereof as they mature, [such]
THE tax in any one year not to exceed the limit
heretofore provided. Every [sixty (60)] 60 days the tax
so levied and collected to date by [[the]] EACH county
shall be remitted to the COMMISSION. All proceeds from
[such] THE tax not used for debt service on the principal
and interest of [such] THE bonds shall be paid into the
revolving fund for the uses specified in this section.
None of the provisions in this [subtitle] ARTICLE
relating to unexpended balances [shall] apply to the land
acquisition revolving fund.