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Ch. 80
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2000 LAWS OF MARYLAND
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valuation OF REAL PROPERTY AND 2 CENTS ON EACH $100 OF ASSESSED VALUATION
OF PERSONAL PROPERTY AND OPERATING REAL PROPERTY DESCRIBED IN § 8-109(C)
OF THE TAX - PROPERTY ARTICLE; this additional [two cents] tax shall be in lieu of,
and in complete satisfaction of, any and all obligations of the county to pay for any
part of the maintenance of the Commission's park system pursuant to § 8 of Chapter
761 of the Laws of Maryland, 1953, and all agreements executed pursuant to the
terms of that law.
(b) Prince George's County may levy, collect and pay over to the Commission
any or all of the taxes authorized in subsection (a) in like manner and upon the same
basis as set forth in subsection (a), in which event all the provisions of subsection (a)
apply equally to both counties.
(c) Of the tax which Prince George's County is authorized to levy in this title,
the county shall levy in each fiscal year at least [ten] 4 cents on each $100 of assessed
value of all REAL property AND AT LEAST 10 CENTS ON EACH $100 ASSESSED VALUE
OF ALL PERSONAL PROPERTY AND OPERATING REAL PROPERTY DESCRIBED IN §
8-109(C) OF THE TAX - PROPERTY ARTICLE, subject to assessment and taxation by the
county within that portion of the metropolitan district lying within Prince George's
County. The tax shall be levied and paid over to the Commission in the manner
prescribed elsewhere in this title. The proceeds of the collection of the tax shall be
applied primarily to the payment of the principal and interest of any bonds heretofore
or hereafter issued by the Commission for the acquisition of park lands in that
portion of the metropolitan district lying within Prince George's County pursuant to
the authority of this title and within the limitations on indebtedness prescribed in
this title. However, the proceeds of the tax shall also be paid to the Commission
notwithstanding the fact that no principal or interest payments may be due with
respect to any bonds and notwithstanding the fact that no bonds may be issued or
outstanding in any one fiscal year. It is the intent of this subsection to provide the
Commission with funds to finance the acquisition of park lands within that portion of
the metropolitan district lying within Prince George's County, either from current
revenues or by the issue of bonds, and furthermore, to provide the Commission with
funds necessary for the maintenance, operation, and development of park land so
acquired.
(d) The County Council of Montgomery County and the County Council of
Prince George's County may levy an ad valorem tax in Prince George's County and in
Montgomery County annually, in addition to all other taxes levied, for the benefit of
and on behalf of the Commission, upon all the property within the metropolitan
district assessed for county taxation purposes, as the metropolitan district is defined
at the time of the levy. Each county is authorized to pay the aggregate amount
collected by the tax to the Commission as they pay other funds collected by taxation
for the benefit of the Commission. The proceeds of the tax shall be expended by the
Commission for the acquisition, maintenance, development, and operation of the park
systems in the counties, as well as the debt service required by its outstanding bonds
or bonds issued in the future. The Commission shall expend or disburse that
proportion of tax collected from Montgomery County within Montgomery County and
that proportion collected from Prince George's County within Prince George's County.
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