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Session Laws, 1977
Volume 735, Page 399   View pdf image
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399
MARVIN MANDEL, Governor
SUBTITLE 4. HIGHWAY USER REVENUES.
8-401. DEFINITIONS. (A)   IN GENERAL. IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED. REVISOR'S NOTE: This subsection is new language used
as the standard introductory language to a
definition section. See, also, §§1—101 and 8-101 of this article
for other applicable definitions. (B)   COUNTY. "COUNTY" DOES NOT INCLUDE BALTIMORE CITY. REVISOR'S NOTE: This subsection is new language
added for purposes of clarity and to avoid the
application in this subtitle of the definition
of "county" contained in Art. 1, § 14, of the
Code and in §1-101 of this article. (C)   DEBT SERVICE. "DEBT SERVICE" MEANS THE AMOUNT ANNUALLY NEEDED TO
PAY THE MATURING PRINCIPAL OF AND INTEREST ON BONDS,
NOTES, AND OTHER EVIDENCES OF OBLIGATION AND TO MEET
SINKING FUND REQUIREMENTS FOR THESE PURPOSES. REVISOR'S NOTE: This subsection is new language
derived without substantive change from Art.
89B, §29(h). It is revised to conform with the definition
of "debt service" in §3—301(e) of this
article. See revisor's note to that
definition. (D)       HIGHWAY USER REVENUES. "HIGHWAY USER REVENUES" MEANS THE FUNDS CREDITED TO
THE GASOLINE AND MOTOR VEHICLE REVENUE ACCOUNT OF THE
TRANSPORTATION TRUST FUND, EXCEPT THE NET PROCEEDS OF
THAT PART OF THE MOTOR VEHICLE GASOLINE TAX COLLECTED
UNDER ARTICLE 56, §136(H) OF THE CODE. REVISOR'S NOTE: This subsection presently appears as
the first clause of Art. 89B, §38A(b). The only changes are in style. The balance of present §38A(b), which


 
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Session Laws, 1977
Volume 735, Page 399   View pdf image
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