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Ch. 449
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LAWS OF MARYLAND
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1406
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(b) The net unexpended balance for each county shall be
computed as provided in this subsection. The Commission shall
deduct from its actual unexpended cash receipts from [the park
tax] SAID TAXES COLLECTED UNDER § 6-106(A), (B), (C), AND (D) OF
THIS TITLE, an amount equal to debt service for the next
succeeding fiscal year on bonds issued by it and outstanding with
respect to property acquired by it in the county, plus an amount
equal to the Commission's fixed obligations under contracts the
first six months of the county's fiscal year, plus the amounts
credited to the Commission's self-insurance fund, plus the sum of
$200,000 with respect to Montgomery County and $150,000 with
respect to Prince George's County. The difference between the
two totals is the net unexpended balance of the Commission which
the county may credit against the amounts payable by that county
to the Commission in the next succeeding fiscal year, pursuant to
provisions elsewhere in this title.
(c) When the county receives the certification from the
Commission of its net unexpended balance with respect to that
county, as above defined, the county may deduct the net
unexpended balance from its estimate of the amount of money which
will be raised in the next succeeding fiscal year by the levy of
[the tax provided for elsewhere in this title] SAID TAXES
COLLECTED UNDER § 6-106(A), (B), (C), AND (D) OF THIS TITLE, and
in that fiscal year may levy the tax at a rate which the county
estimates will produce an amount equal to the difference so
arrived at, which amount shall then be the amount which the
county is obligated to pay the Commission in that fiscal year
pursuant to provisions elsewhere in this title. In no event may
the tax rate be reduced to a rate insufficient to produce the
amount of money necessary to pay debt service on bonds issued by
the Commission and guaranteed by the county.
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SECTION 2. AND BE IT FURTHER ENACTED, That Section(s) 8-116
through 8-126, respectively, of Article 66D - Maryland-National
Capital Park and Planning Commission, of the Annotated Code of
Maryland be renumbered to be Section(s) 8-115 through 8-125,
respectively.
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SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1983.
Approved May 24, 1983.
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CHAPTER 450
(House Bill 795)
AN ACT concerning
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