HARRY HUGHES, Governor

3399

WHEREAS, The General Assembly wishes to resolve this
question by repealing the tax provisions of the Act, being
Sections 6 and 7, as amended by Chapter 4 of the Acts of the
Special Session of December 16, 1969, and by reenacting
those provisions, without amendments; now, therefore,

SECTION 1. BE IT ENACTED BY THE GENERAL    ASSEMBLY OF

MARYLAND, That chapter(s) of the Acts of    the General

Assembly be repealed, amended, or enacted    to read as
follows:

Chapter 403 of the Acts of the General Assembly of 1969

(As amended repealed and reenacted, without amendment,

by Chapter 4 of the Acts of Special Session of

December 16, 1969 559 of the Acts of 1980)

6.

That for the primary source of payment of the principal
of and the interest on the bonds or Certificates of
Indebtedness issued under the provisions of this Act as the
same become due and payable, there shall be and is hereby
laid an annual tax which shall consist of such amounts as
may be necessary of the proceeds of the tax on written
instruments, imposed pursuant to the provisions of Section
278A of Article 81 of the Annotated Code of Maryland as set
forth in Section 10 of this Act.

7.

That, in addition, and as the secondary source of
payment, there shall be and is hereby levied and imposed an
annual State tax on each one hundred dollars of assessable
property at a rate to be determined in the following manner:
on or before May 1, 1970, and on or before May 1 in each
year thereafter, the Board of Public Works shall certify to
the governing bodies of each of the counties and of
Baltimore City the rate of State tax on each one hundred
dollars of assessable property necessary to produce revenue
to meet all interest and principal, if any, which will be
payable to the close of the next ensuing taxable year on all
bonds or Certificates of Indebtedness theretofore issued or
theretofore authorized by resolution of the Board of Public
Works to be issued, under the provisions of this Act, and
the governing bodies of each of the counties and Baltimore
City shall forthwith levy and collect such tax at such rate.

Provided, however, that the levy or levies provided for
in this section shall not be made and the said tax or taxes
shall not be collected in any year if before May 1 of the
preceding year or before May 1 of any succeeding year
thereafter, the Board of Public Works shall ascertain as a
fact upon a certified statement rendered to such Board by
the State Comptroller that all payments of principal and
interest due and payable in that preceding year on the bonds