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Session Laws, 1981
Volume 741, Page 3401   View pdf image
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HARRY HUGHES, Governor                               3401

collected, to a special fund account as provided for in
Section 10 in this Act, and as much as is required for the
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.

11-O 11P.

THAT, FOR THE FISCAL YEAR 1982, OF THE FUNDS
APPROPRIATED BY SECTION 5 OF THIS ACT, THERE SHALL BE
ALLOCATED A TOTAL OF $22,000,000 $24,000,000 TO BE USED
EXCLUSIVELY BY THE STATE AGENCIES AND LOCAL GOVERNING BODIES
UNDER THE TERMS OF THIS ACT. FROM THE FUNDS AVAILABLE UNDER
THIS PROGRAM FOR THE FISCAL YEAR 1982, THE FOLLOWING STATE
AGENCIES AND BALTIMORE CITY ARE HEREBY AUTHORIZED TO EXPEND
THE FOLLOWING AMOUNTS FOR THE FOLLOWING PROJECTS OR
PURPOSES:

DEPARTMENT OF NATURAL RESOURCES, LAND ACQUISITION

(1) DAN'S MOUNTAIN (ALLEGANY COUNTY): THE LAND
ACQUISITION PROGRAM MAY NOT EXCEED 12,873 ACRES... $ 100,000

(2) ROCKS (HARFORD COUNTY): LAND ACQUISITION
PROGRAM MAY NOT EXCEED 1,178 ACRES................$ 100, 000

 

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Session Laws, 1981
Volume 741, Page 3401   View pdf image
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