Ch. 291                                    LAWS OF MARYLAND

RELATED TO THE HELICOPTERS AND FOR EQUIPMENT AND RELATED
IMPROVEMENTS TO THE EMERGENCY MEDICAL SERVICES' COMMUNICATION
SYSTEM.

Article - Transportation

3-215.

(a) (1) For the purpose of paying the principal of and
interest on consolidated transportation bonds as they become due
and payable, there is hereby levied and imposed an annual tax
that consists of the taxes specified in this section and, to the
extent necessary and except as otherwise provided in this
subsection, that shall be used and applied exclusively for that
purpose.

(2) The required use and application of the tax under
paragraph (1) of this subsection is subject only to the prior use
and application of one or all or any combination of the taxes
specified in this section to meet the debt service on all of the
following bonds while they are outstanding and unpaid and to the
payment of which any part of those taxes has been pledged:

(i) Bonds of prior issues;

(ii) Bonds of any series of county highway
construction bonds or county transportation bonds issued under §§
211 or 211G-1 of Article 89B of the Code of 1957; and

(iii) Bonds of any series of county

transportation bonds issued under Subtitle 3 of this title.

(b)  The tax levied and imposed by this section consists
oft:

(1) The tax on the net income of certain corporations
imposed under Article 81, § 288(c) of the Code; and

(2) That] THAT part of the following taxes that are
retained to the credit of the Department after distributions to
the political subdivisions:

[(i)] (1) The excise taxes on motor vehicle
fuel imposed by Article 56, § 136 of the Code; [and],

(2) THE TAX ON THE NET INCOME OF CERTAIN CORPORATIONS
IMPOSED UNDER ARTICLE 81, § 288(C);

(3) THE NET RECEIPTS ON TAXES IMPOSED ON THE NET
INCOME OF CORPORATIONS AS DISTRIBUTED IN ACCORDANCE WITH ARTICLE
81, § 288A(1); AND

- 1226 -