2510

LAWS OF MARYLAND

Ch. 652

provided for under the terms and conditions of this Act, the
county or City, as the case may be, shall certify a
statement to the State Board of Education showing: (1) the
number, class, type, and character of all public school
buildings or public school facilities required by the county
or the City for which funds are currently unavailable; (2)
the amount, type, and character of real estate necessary in
conjunction therewith; (3) the total estimated cost of the
school buildings, school facilities, and real estate; (4)
the total issued and outstanding bonded indebtedness of the
county or City; (5) the total assessable taxable basis of
the county or City as determined on the last preceding date
of finality; and (6) other information as may be required by
regulations passed by the State Board of Education.

(b)  Upon receipt of the certified statement as
specified in subsection (a) of this section, the State Board
of Education shall make a written finding of fact which
shall be addressed to the Board of Public Works, the finding
of fact to be in the form of a recommendation to the Board
of Public Works, advising the Board which of the requests
for financial assistance made by any of the counties or made
by the City of Baltimore, as aforesaid, should be allowed
and which requests for financial assistance should be
denied. In making the aforesaid finding of fact, the State
Board of Education shall, at the request of the Board of
Public Works, determine a priority of need for school
buildings as between any county in the State or as between
any county in the State and the City of Baltimore. No grant
of financial assistance as provided for in this Act shall be
allowed until the grant has been finally ratified and
approved by the Board of Public Works. The decision of the
Board of Public Works in this regard shall be in a form as
the Board shall consider advisable and proper and shall be
final and conclusive upon all parties concerned.

(c)  The amount of financial assistance granted to any
county or to the City of Baltimore under the terms and
conditions of this Act shall in no case exceed an amount
calculated as follows:

(1)  There shall first be determined and
allocated to each county which applies for financial
assistance under this Act or to the City of Baltimore if
said City applies for financial assistance under this Act an
amount equal to 90 percent of the total funds distributed to
said county or to said City, as the case may be, under
applicable provisions of State law relating to the income
tax, the tax on racing, the recordation tax, the tax on
amusements, and the license tax.

(2)  There shall next be determined the total
amount of State debt which could be serviced at prevailing
debt service cost by the amount allocable to each of the
counties and to the City of Baltimore, as more specifically
provided in the last preceding sentence in this paragraph.