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1425
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HARRY HUGHES, Governor
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accordance with the provisions of Section 266JJ-8. This yield
shall not be considered as county or municipal taxes for the
purposes of any constant yield tax limitation or State or local
restriction, except for tax revenues received from residential
properties in Prince George's County. No State real property
taxes may be paid into the special fund.
266JJ-7.
The governing body of any county or municipality may adopt
[an ordinance or] A resolution creating a special fund described
in Section 266JJ-6[(s)](3)(ii) with respect to a development
district, even [through] THOUGH no bonds authorized by this Act
have been issued by such county or municipality with respect to
that development district or are then outstanding. The taxes
allocated to such special fund by Section 266JJ-6(3)(ii) shall
thereafter be paid over to such special fund, as long as such
ordinance or resolution remains in effect. Any taxes that could
have been allocated to the special fund authorized by Section
266JJ-6(3)(ii) and that have actually been set aside for that
purpose, after July 1, 1980, by a county or municipality in its
budget may be placed in the special fund created after that date
under this section or under Section 266JJ-6(3)(ii).
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1983. 1983, contingent upon the taking effect
of Chapter ___ of the Acts of ___ (HB 1007), and if
Chapter ____ (HB1007) does not become effective this Act shall
be null and void without the necessity of further action by the
General Assembly .
Approved May 24, 1983.
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CHAPTER 460
(House Bill 905)
AN ACT concerning
Public Securities - Signatures
FOR the purpose of clarifying the manner of execution of public
securities required to contain a manual signature; and
providing for a certain effective date.
BY repealing and reenacting, with amendments,
Article 31 - Debt - Public
Section 14
Annotated Code of Maryland
(1976 Replacement Volume and 1982 Supplement)
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