BLAIR LEE III, Acting Governor                         1195

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

assessable base as of the date of finality of the next
taxable year, exclusive of properties appearing for the
first time on the assessment records.

        SECTION 2. AND BE IT FURTHER ENACTED, That this Act

shall take effect July 1, 1978.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act

shall take effect.....on__July 1, 1978, contingent upon the

taking effect of Chapter of the Acts of 1978 (House

Bill 766/Senate Bill 455 435 and upon tho taking effect of

Chapter ___ of the Acts of 1978 House Bill 1652/Senate

Bill 1011), and further contingent upon funds to implement

both of these Acts being included in the budget for the

1978-1979 fiscal year, and if either Chapter ___ or

Chapter ___ does not become effective, or if these funds are

not appropriated, this Act shall be null and void without

the necessity of further action by the General Assembly.

Approved May 2, 1978.