1684

LAWS OF MARYLAND

Ch. 608

county shall fail to levy the tax provided for in said
agreement and said county's share of the Gasoline Tax
Fund shall be insufficient to meet the debt service
payment in said year.

(d)    Any county participating in a bond issue
authorized by this section may include in its program to
be financed thereby the, construction and reconstruction
and major road repairs necessary to eliminate damage
caused by severe and unforeseen weather conditions by any
municipal corporation in such county of the streets and
highways under the jurisdiction of such municipal
corporation and, in the event any county shall include
such construction and reconstruction and such repairs in
its notification to the Commission made pursuant to
subparagraph (1) hereof, the Commission shall, if it is
satisfied that said county and any such municipal
corporation have entered into a valid agreement governing
the division of said county's share of said bond proceeds
and the allocation to debt service of so much as may be
needed of the share of the Gasoline Tax Fund payable
under ARTICLE 89B, § 34 of [this article] THE ANNOTATED
CODE OF MARYLAND (1957 EDITION, AS AMENDED) to such
municipal corporation, include said share of the Gasoline
Tax Fund in its computations made pursuant to
subparagraphs (3) and (4) of this section as though such
share were fully allocable to said county. If, in the
exercise of the discretion vested in it by subparagraph

(5)  of this section, the Commission shall approve the
participation in a bond issue requested by any such
county as aforesaid, then all actions of the Commission
and the State Comptroller taken pursuant to subparagraph

(6)  of this section shall be taken as though said share
of the Gasoline Tax Fund allocable to any such municipal
corporation is available to the extent required for its
applicable debt service, but nothing contained in this
paragraph shall in any manner be deemed to restrict the
application of paragraph (e) of this section to the
excess of such share over the amount needed for annual
debt service nor shall anything contained in this section
be construed to require the Commission to see to the
proper division of bond proceeds between a county
participating under this section and any municipal
corporation therein.

(e)   Notwithstanding any of the provisions of this
section to the contrary, the maximum amount of the bonds
authorized by this section which the Commission may issue
in any fiscal year on behalf of Dorchester County shall
not be in excess of the face amount of one hundred fifty
thousand dollars ($150,000).

State Highway Construction Bonds,

PART (C) - Third Issue

§23. [§ 211A.] Authorization of issue.

In order to finance, in part, (1) the rehabilitation
and reconstruction of substandard roads in the State