HARRY HUGHES, Governor                            2501

(4) (5) There is hereby levied and imposed an annual
State tax on all assessable property in the State in rate
and amount sufficient to pay the principal of and interest
on the bonds as and when due and until paid in full, such
principal to be discharged within fifteen years of the date
of issue of the bonds.

(5) Prior to the payment of any proceeds under the
provisions of this Act for the purposes set forth in section
1(3) above, Kent County shall provide an equal and matching
amount of up to $1,500,000 for this project and shall have
until June 1, 1983 to present evidence satisfactory to the
Board of Public Works that this equal and matching amount
will be provided. Upon receiving from the Board of Public
Works a certification that such suitable evidence has been
received the proper officers of the State shall disburse
the proceeds of the loan to Kent County as a State grant for
expenditure in accordance with the provisions of this Act.
Proceeds of this loan that cannot be expended in accordance
with this Act shall be transferred to the Annuity Bond Fund
and applied to the debt service requirements of the State.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1981.

Approved May 19, 1981.

CHAPTER 647

(House Bill 810)

AN ACT concerning

Real Property - Assessment - Sewer Service

FOR the purpose of requiring that, in making a valuation of
real property, the absence or presence of sewer service
to the property, or if there is private service, the
condition of that service the septic system or well on
the property, shall be taken into consideration.

BY repealing and reenacting, with amendments, adding to

Article 81 - Revenue and Taxes
Section 14(b)(1)(i) 19(a)(13)
Annotated Code of Maryland
(1980 Replacement Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows: