Ch. 10                                     2004 LAWS OF MARYLAND

SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article—Tax—General

2-1302.1.

After making the distributions required under §§ 2-1301 and 2-1302 of this
subtitle, the Comptroller monthly shall distribute [45%] ALL of the sales and use tax
collected on short term vehicle rentals under § 11-104(e) of this article to the
Transportation Trust Fund established under § 3-216 of the Transportation Article.

SECTION 3. AND BE IT FURTHER ENACTED, That Section 2 of this Act
shall take effect July 1, 2005.

Chapter 385 of the Acts of 2003

SECTION 9. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2003. [It shall remain effective for a period of 2 years and, at the end of June
30, 2005, with no further action required by the General Assembly, this Act shall be
abrogated and of no further force and effect. ]

SECTION 4. 2. AND BE IT FURTHER ENACTED, That, except as provided
in Section 3 of this Act, this Act shall take effect July 1, 2004.

Approved April 13, 2004.

CHAPTER 10
(Senate Bill 24)

AN ACT concerning

Cecil County - Public Facilities Bonds

FOR the purpose of authorizing and empowering the County Commissioners of Cecil
County, from time to time, to borrow not more than $19,083,463 $9,025,000 in
order to finance the cost of the construction and improvement of certain public
facilities in Cecil County and to effect that borrowing by the issuance and sale at
public or private sale of its general obligation bonds in like amount; empowering
the County to fix and determine, by resolution, the form, tenor, interest rate or
rates or method of determining the same, terms, conditions, maturities, and all
other details incident to the issuance and sale of the bonds; empowering the
County to issue refunding bonds for the purchase or redemption of bonds in
advance of maturity; empowering and directing the County to levy, impose, and
collect, annually, ad valorem taxes in rate and amount sufficient to provide
funds for the payment of the maturing principal of and interest on the bonds;
exempting the bonds and refunding bonds, and the interest thereon and any
income derived therefrom, from all State, county, municipal, and other taxation
in the State of Maryland; and relating generally to the issuance and sale of the
bonds by Cecil County.

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