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Session Laws, 1976
Volume 734, Page 317   View pdf image
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MARVIN MANDEL, Governor

317

principal and interest primarily from funds or sources of
funds other than a State tax on assessable property.

(C)         ANY FUNDS APPROPRIATED BY THE GENERAL ASSEMBLY

IN ANY ANNUAL STATE BUDGET BILL FOR THE PAYMENT OF THE
PRINCIPAL OF OR INTEREST ON GENERAL OBLIGATION BONDS OF
THE STATE SHALL BE DEPOSITED IN THE ANNUITY BOND FUND BY
THE STATE COMPTROLLER, TO BE APPLIED TO THE PAYMENT OF
DEBT SERVICE ON THE BONDS FOR WHICH SUCH APPROPRIATION
HAS BEEN MADE.         IF ON OR BEFORE MAY 1 IN ANY TAXABLE

YEAR THE STATE COMPTROLLER HAS CERTIFIED TO THE BOARD OF
PUBLIC WORKS THAT PAYMENT OF EITHER THE PRINCIPAL OF OR
THE INTEREST ON ANY ISSUE OF STATE GENERAL OBLIGATION
BONDS WILL BE MET DURING THE SUCCEEDING TAXABLE YEAR FROM
FUNDS APPROPRIATED BY THE GENERAL ASSEMBLY, THE BOARD OF
PUBLIC WORKS MAY DETERMINE THAT THE TAX LEVY OR LEVIES
REQUIRED BY THE APPLICABLE BOND ENABLING ACT NEED NOT BE
MADE AND SHALL NOT BE COLLECTED IN THAT SUCCEEDING TAXABLE
YEAR. UPON, AND TO THE EXTENT OF, THAT DETERMINATION
BEING MADE BY THE BOARD, THE GOVERNOR, BY PROCLAMATION
ISSUED PURSUANT TO A RESOLUTION OF THE BOARD, SHALL
DECLARE THAT THE TAXES OTHERWISE REQUIRED BY THE
PARTICULAR ENABLING ACT SHALL NOT BE LEVIED OR COLLECTED
IN THE SUCCEEDING TAXABLE YEAR.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
is hereby declared to be an emergency measure and
necessary for the immediate preservation of the public
health and safety and having been passed by a yea and nay
vote supported by three—fifths of all the members elected
to each of the two Houses of the General Assembly, the
same shall take effect from the date of its passage.

Approved April 13, 1976.

CHAPTER 148
(Senate Bill 979)

AN ACT concerning

Commission on Indian [[History and Culture]] Affairs

FOR the purpose of establishing a Commission on Indian
[[History and Culture]] Affairs; providing for the
appointment of its members; and prescribing its
duties.

BY adding to

Article 41 — Governor — Executive and Administrative
Departments

 

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Session Laws, 1976
Volume 734, Page 317   View pdf image
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