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Annual Report of the Comptroller, 1967
Volume 331, Page 29   View pdf image (33K)
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General Public School Construction

               

Loan of 1965

               

Counties

               

Allegany

$325,00000

 

$ 10,562 50

$ 10,562 50

 

$ 10, 662 50

$ 10 562 50

$325,00000

Anne Arundel

4,690,000 00

 

152,425 00

102,425 00

 

152,425 00

152,425 00

4,690,000 00

Carroll

800,000 00

 

27,200 00

27,200 00

 

27,200 00

27,200 00

800,000 00

Charles

1,350,000 00

$1,400,000 00

99,171 76

1,499,171 76

 

99,171 76

99,171 76

2,750,000 00

Frederick

1,150,000 00

 

37,37a 00

37,375 00

 

37,375 00

37,375 00

1,150,000 00

Garrett

250,000 00

 

8,500 00

8,500 00

 

8,50000

8 500 00

250 000 00

Howard

300,000 00

 

10,200 00

10,200 00

 

10,200 00

10,200 00

300,000 00

Kent

 

1,215,000 00

38,905 00

1,253,905 00

 

38,905 00

38,905 00

1,215,000 00

Prince George s .

8,950,000 00

9,130,000 00

645,619 61

9,775,619 61

 

645,619 61

645,619 61

18,080,000 00

St Mary s

130,000 00

 

4,225 00

4 225 00

 

4,225 00

4,225 00

130,000 00

Washington

 

285,000 00

11,073 63

296,073 63

 

11,073 63

11,073 63

285,000 00

Total

$17,945,000 00

$12,030,000 00

$1,045,257 50

$13,075,257 50

 

$1,045,257 50

$1,045,257 50

$29,975,000 00

Total— General Public School

               

Construction Loans

$131,063,618 33

$28,380,000 00

$4,164,192 29

$32,544,192 29

$10,619 617 56

$4,164,192 29

$14 783,809 85

$148,824,000 77

Advances for Capital Improvements

               

Baltimore County

$200,009 28

     

$34,035 00

 

$34,035 00

$165,974 28

City of Salisbury

71,361 21

     

54,819 82

 

54,819 82

16,541 39

Total — Advances for Capital

               

Improvements

$271,370 49

     

$88,854 82

 

$88,8o4 82

$182,515 67

GRAND TOTAL

$131,334,988 82

$28,380,000 00

$4,164,192 29

$32,544,192 29

$10,708,472 38

$4,164,192 29

$14,872,664 67

$149,006,516 44

In connection with the General Public School Construction Loans, the Attorney General has advised

1 That participating counties do not become a debtor of the State of Maryland by reason of their participation in the State School Construction Progrem after
July 1, 1958, since Chapter 86 "Laws of 1958" expressly provides that "The indebtedness of any county shall not be considered to be increased by reason of the
receipts by said county after January 1, 1958, of money from participation by such political subdivisions in the General Public School Construction Loan of 1956 author-
ized by Chapter 80 of the Acts of the General Assembly of 1956, or any similar act passed or to be hereafter passed

2 The participating counties are not obliged to levy taxes in rate and amount sufficient to repay the principal and interest on funds received by it from the State
as a result of its participation in the State School Construction Program, since Chapter 86 expressly provides that No County shall be required to levy ad valorem
taxes upon its taxable basis for the purpose of repaying to the State any such money received during the calendar year 19&8 or any subsequent year, or the interest or
carrying charges with respect to such money, by said counties

3 It is not necessary for the county to include in its schedule the bonded debtedness" amounts received by it after January 1, 1958, from the State School Con-
struction Program since there are no bonds issued by the county in connection with the funds received, the Chapter 86, as above set forth, specifically provides that the
indebtedness of any county shall not be considered to be increased by reason of its receipts after January 1, 1958 of such funds

 

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Annual Report of the Comptroller, 1967
Volume 331, Page 29   View pdf image (33K)
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