HARRY HUGHES, Governor

2343

without substantive change from former Article
43, § 654(d) and the first through fifth
sentences of § 658(a).

In subsection (a) of this section, "shall
determine or estimate" is new language added to
emphasize the first step in the process outlined
in this section. Calculation of the necessary
tax revenue and tax rate would be impossible
without first determining how much must be repaid
on bonds and how much will be available for that
purpose absent the levy of property taxes under
this section.

In subsection (c)(2) of this section, the former
reference to determining "the number of cents per
$100.00" of property value is deleted as included
in "the tax rate that will be required".

In subsection (h)(1) of this section, the word
"first" is new language added to emphasize the
apparent legislative intent behind the former
language that referred to funds from "the money
so received, together with the amount in hand
applicable to payments of interest and principal
on said bonds as hereinbefore and hereinafter in
this subtitle provided, the commission shall
first pay".

The attention of the General Assembly is called
to the fact that, except for the deposit
provisions of subsection (i) of this section,
there are no directions as to how to handle the
excess tax revenues.

9-695. PAYMENT OF BOND INTEREST FROM PROCEEDS OF OTHER
BONDS.

FROM THE PROCEEDS OF THE SALE OF BONDS UNDER THIS
SUBTITLE, THE DISTRICT MAY PAY, ON THOSE BONDS, INTEREST
THAT DOES NOT EXCEED 1 YEAR'S INTEREST.                                        

REVISOR'S NOTE; This section is new language derived
without substantive change from the sixth
sentence of former Article 43, § 658(a).

9-696. MULTIPLE COUNTY DISTRICTS; PROPORTIONATE LIABILITY
OF MEMBER COUNTIES.

IF BONDS ISSUED UNDER THIS SUBTITLE ARE GUARANTEED BY
MORE THAN 1 MEMBER COUNTY, THE LIABILITY OF EACH MEMBER
COUNTY ON ITS GUARANTEE IS IN PROPORTION TO THE ASSESSABLE
BASE OF THAT PART OF THE PROPERTY OF THE COUNTY THAT IS IN
THE SERVICE AREAS FOR WHICH THE BONDS WERE ISSUED AS THAT

PROPORTION RELATES TO THE ASSESSABLE BASE OF ALL PROPERTY IN