BLAIR LEE III, Acting Governor

1191

year, provided it has not reduced the level of expenditure
for police protection which entitled it to the amount of
that previous year's grant.

(4)  Incentive Grant. In addition to the payments
made under subparagraphs (1), (2), and (3) of this
subsection, the State shall pay to each subdivision with a
population density of less than 500 per square mile, an
amount the equivalent of $1.00 $2.00 per capita.

(5)   Supplemental Grant. In addition to the
payments made under subparagraphs (1), (2), (3) and (4) of
this subsection, the State shall pay to each subdivision
with a population density of less than 8,000 per square
mile, an amount the equivalent of $1.25 $2.00 per capita.
[This amount of supplemental grant shall be retained by
the subdivision but the governing body of the subdivision
may in its discretion, allocate and distribute part of the
amount of supplemental grant to the qualifying
municipalities as the governing body of the subdivision
deems appropriate. The subdivision may use the proceeds of
the supplemental grant for expenditures for police
protection that are of benefit to all residents of the
subdivision, both within or outside of municipalities.]

     (c) The payment received by each subdivision under

subparagraphs (1), (2), (3) [and], (4), AND (5) of

subsection (b) shall be paid to each subdivision and
qualifying municipality, in the exact proportion which the
expenditures for police protection of the subdivision and of

each qualifying municipality bear to aggregate expenditures

for police protection.

Article 81 — Revenue and Taxes

232C.

(b) Prior to January 15 of each year the Department

shall notify, each taxing authority of an estimate of the

total assessed value of all real and personal property

within its jurisdiction for the next taxable year. The

Department shall also send__to each taxing authority an

estimate of the total assessed value of all new construction

and improvements not assessed as of the preceding date of

finality, and the__value of deletions from the assessed

valuation. After excluding from the estimate of assessed

valuation the value of such new construction, improvements,

and deletions, the Department shall notify each taxing

authority of the constant yield tax rate which will__provide

the same__property tax revenue for each taxing authority as

was levied during the current taxable year[.] REDUCED BY (1)

ANY ADDITIONAL REVENUES RECEIVED PURSUANT TO ARTICLE 15A,

§37 SOLELY AS A RESULT OF THE ENACTMENT OF HOUSE BILL 1252

OR SENATE BILL 912, CHAPTER OF THE ACTS OF THE 1978

GENERAL ASSEMBLY AND (2) THE AMOUNT OF REVENUES REQUIRED TO

BE PAID PURSUANT TO ARTICLE 43, §42A FOR TAXABLE YEAR

1977—1978. For the purpose of calculating the constant yield
tax rate, the Department shall use the estimated full