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Ch. 82
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2000 LAWS OF MARYLAND
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(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 issuance 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 grantee shall provide and expend a
matching fund. No part of the grantee'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 the amount of the matching fund or 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 grantee has until June 1, [2000] 2002, to present
evidence satisfactory to the Board of Public Works that a matching fund will be
provided. If satisfactory evidence is presented, the Board shall certify this fact and
the amount of the matching fund to the State Treasurer, and the proceeds of the loan
equal to the amount of the matching fund shall be expended for the purposes provided
in this Act. Any amount of the loan in excess of the amount of the matching fund
certified by the Board of Public Works shall be canceled and be of no further effect.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2000.
Approved April 25, 2000.
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CHAPTER 82
(Senate Bill 640)
AN ACT concerning
Cecil County - Property Taxes - Collection
FOR the purpose of altering provisions of law regarding the collection of certain taxes
by the County Treasurer of Cecil County; limiting the rate of interest a
municipal corporation in Cecil County may charge for an overdue property tax;
altering provisions of law requiring the Treasurer to make a certain deduction
against certain taxes collected for certain expenses; altering provisions of law
regarding the time frame and notice sent to certain individuals regarding
unpaid taxes; repealing a provision of law prohibiting the payment of attorney's
fees in relation to the sale of certain property for taxes; authorizing the
Treasurer to collect certain charges and fees for certain municipal corporations
under certain circumstances; requiring the Treasurer to remit certain charges
and fees to certain municipal corporations; making stylistic changes; and
generally relating to the collection of property taxes in Cecil County.
BY repealing and reenacting, without amendments,
Article - Tax - Property
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- 660 -
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