2176

LAWS OF MARYLAND

Ch. 530

payment of principal of and interest on such bonds or
Certificates of Indebtedness shall be transferred to the
Annuity Bond Fund.

Until all of the bonds or Certificates of Indebtedness
issued under the provisions of this Act and the interest
thereon, shall be paid or provision of such payment shall be
made, the proceeds of so much of the tax on written
instruments as imposed by Section 278A of Article 81 of the
Annotated Code of Maryland as set forth in Section 10 of
this Act, received in each year as is required to make the
principal and interest payments due in that year (to the
extent not previously set aside) and in the next succeeding
year shall be set aside by the State Comptroller and
transferred to the Annuity Bond Fund for the purpose of
making such principal and interest payments. The balance of
the proceeds of such tax, if any, shall remain in the
special fund account on the books of the State Comptroller,
provided, however, that if the State Comptroller determines
at any time or from time to time that a portion thereof will
not be required for the payment of the principal of or
interest on the bonds or Certificates of Indebtedness issued
under the provisions of this Act, he shall certify the
amount of such portion, which shall thereby be made
available for the funding of projects for the acquisition
and development of recreation land and open space, as
provided under "Program Open Space". Any proceeds of such
tax which may for any reason not be expended or applied as
herein provided, shall be transferred to the Annuity Bond
Fund and shall be applied to the debt service requirements
of the State.

Chapter 403 of the Acts

of the General Assembly of 1969

(As amended by Chapter 481 of the

Acts of the General Assembly of 1973 and

Chapter 647 of the Acts of the General Assembly of 1977)

11.

That the funds appropriated by Section 5(b) of this Act
shall be allocated for the fiscal year 1970 as follows:

State Parks

(1)  Patuxent (Howard and Montgomery
County):

State share for land acquisition

(approximately 666 acres)........... $ 500,000

(2)  Seneca (Montgomery County):

Land acquisition (approximately 364

acres).............................. 1,000,000

(3)  Gunpowder (Baltimore and Harford
Counties):