(a) The indebtedness of a county may not be considered to be increased by the receipt of money by a county from participation in the General Public School Construction Loan of 1956 or any similar act.
(b) A county may not be required to levy ad valorem taxes on its taxable basis for the purpose of repaying to the State any money received by the county as a result of these acts during the calendar year 1958 or after or the interest or carrying charges with respect to this money.
(c) All money received by a county during the calendar year 1958 or after because of the participation of the county in the General Public School Construction Loan of 1956 or any similar act shall be deducted from the funds due the county under the applicable provisions of State law that relate to the:
(1) Income tax;
(2) Tax on racing;
(3) Recordation tax;
(4) Tax on amusements;
(5) License tax; and
(6) School building construction aid program under § 5–303(c) of this subtitle, provided that money may not be deducted for any general public school construction loans that no longer require repayment by the county under § 5–303(c) of this subtitle.
(d) All obligations in connection with funds received by a county from the General Public School Construction Loan of 1956 or any similar act are self–liquidating obligations, incurred for self–liquidating projects within the meaning of those terms as used in any charter or public general or public local law of this State.
(e) Any law that is inconsistent with the provisions of this section is repealed to the extent of the inconsistency.
Structure Maryland Statutes
Division II - Elementary and Secondary Education
Subtitle 3 - State Aid for School Construction
Section 5-301 - "Interagency Commission" Defined
Section 5-302 - Interagency Commission on School Construction
Section 5-303 - State Payment of Certain Public School Construction and Capital Improvement Costs
Section 5-304 - Projections of Needs; Allocation of Funds; Approval of Projects
Section 5-305 - Separate Accounts for Construction Funds; Special Provision for Anne Arundel County
Section 5-305.1 - Capital Projects for Anne Arundel County
Section 5-306 - Montgomery County 6-Year Capital Improvements Program
Section 5-307 - Prince George's County Education Facility Master Plan
Section 5-308 - Reimbursement of State for Debt Service
Section 5-309 - Reuse of Recently Used School Designs; Use of Prototype Designs
Section 5-310 - Survey and Inspection of School Buildings
Section 5-311 - Report on Purchasing Contracts
Section 5-312 - Application of High Performance Building Standards
Section 5-314 - Process for Review and Approval of Construction Projects
Section 5-315 - Local Share of School Construction Costs Revolving Loan Fund
Section 5-316 - Supervision of Distribution of Construction Appropriations
Section 5-318 - Solar Energy Pilot Program
Section 5-320 - Renovation of Existing School Buildings
Section 5-322 - Healthy School Facility Fund
Section 5-323 - Public School Facility Construction Innovation Incentive Pilot Program