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1405
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HARRY HUGHES, Governor
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therein. Any funds not collected in the counties may be used by
the Commission in its discretion for the best interests of the
regional district.
[6-110.] 6-108.
Immediately upon the sale of any bonds [or notes] issued
under the sections hereinabove in this title on account of lands
acquired in Montgomery County, the Commission shall certify to
Montgomery County the amount of bonds [or notes] issued and the
rate of interest and maturities. So long as any of the bonds [or
notes] are outstanding and unpaid, the county shall levy against
all property within that portion of the metropolitan district
within Montgomery County assessed for the purposes of county
taxation an annual tax in a sum sufficient to pay the interest on
the bonds [or notes] and to pay the principal of the bonds [or
notes] upon maturity. The tax shall be levied and collected, and
have the same priority rights AS, bear the same interest and
penalties AS, and in. every respect be treated as county taxes.
As hereinabove provided, the proceeds of the collection of the
tax shall be the primary source of revenue for the payment of the
principal and interest maturities of the bonds [or notes]. The
tax levied shall be collected by Montgomery County, and every 60
days it shall remit to the Commission the whole amount of the tax
collected to date.
[6-111.] 6-109.
Montgomery and Prince George's counties from time to time
may grant moneys to the Commission, upon the request of the
Commission, for any of the purposes of this title. A grant of
moneys under this section shall be expended within the county
making the grant. Any grant may not exceed annually in Prince
George's County an amount equal to one half of the county's share
of the State income tax. Any grant by Montgomery County may not
exceed annually an amount equal to one half of that county's
share of the State income tax plus one half the profits of the
county dispensary as turned over to the county treasurer.
Further, the governing bodies of the respective counties may
convey, lease, or enter into contracts or agreements with the
Commission for use, development, and maintenance by the
Commission of county property for the purposes of this article.
[6-112.] 6-110.
(a) At least 30 days prior to the end of the fiscal years
of Montgomery and Prince George's counties, respectively, the
Commission shall certify and submit to the appropriate fiscal
officers of the counties the net unexpended balances in the hands
of the Commission from moneys received by the Commission from
park AND ADMINISTRATIVE taxes theretofore levied by the counties,
respectively, as provided elsewhere in this title UNDER §
6-106(A), (B), (C), AND (D) OF THIS TITLE. In Montgomery County,
the Commission also shall furnish at the time requested by the
Council an estimate of unexpended balances as of the end of the
county fiscal year as information for the tax Levy resolution.
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