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Session Laws, 1986
Volume 768, Page 1498   View pdf image
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1498                                        LAWS OF MARYLAND                                    Ch. 393

(4)  An annual State tax is imposed on all assessable
property in the State in rate and amount sufficient to pay the
principal of and interest on the bonds, as and when due and until
paid in full. The principal shall be discharged within 15 years
after the date of issue of the bonds.

(5)  Prior to the payment of any funds under the provisions
of this Act for the purposes set forth in Section 1(3) above, the
County Executive and County Council of Baltimore County shall
provide at least an equal and matching fund of $125,000. No part
of an applicant's matching fund may be provided, either directly
or indirectly, from funds of the State, whether appropriated or
unappropriated. No part of the fund may consist of real
property, in kind contributions, or funds expended prior to the
effective date of this Act. In case of any dispute as to what
money or assets may qualify as matching funds, the Board of
Public Works shall determine the matter, and the Board's decision
is final. The County Executive and County Council of Baltimore
County have until June 1, 1988, to present evidence satisfactory
to the Board of Public Works that the matching fund will be
provided. If satisfactory evidence is presented, the Board shall

certify this fact to the State Treasurer and the proceeds of the

loan shall be expended for the purposes provided in this Act. If
this evidence is not presented by June 1, 1988, the proceeds of
the loan shall be applied to the purposes authorized in § 8-129
of the State Finance and Procurement Article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall

take effect June 1, 1986.
Approved May 13, 1986.

CHAPTER 393

(Senate Bill 962)
AN ACT concerning

Unemployment Insurance - Direct Sellers

FOR the purpose of conforming Maryland's unemployment insurance

law to the federal recognition of direct sellers as
statutory nonemployees; and generally relating to direct
sellers and the unemployment insurance law.

BY repealing and reenacting, with amendments,

Article 95A - Unemployment Insurance Law
Section 20(g)(1) through (6)

Annotated Code of Maryland
(1985 Replacement Volume)

 

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Session Laws, 1986
Volume 768, Page 1498   View pdf image
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