Maryland Maryland-National Capital Park and Planning Commission Section 6-110

      (a)      At least 30 days prior to the end of the fiscal years of Montgomery and Prince George's Counties, respectively, the Commission shall certify and submit to the appropriate fiscal officers of the counties the net unexpended balances in the hands of the Commission from moneys received by the Commission from taxes theretofore levied by the counties, respectively, under § 6-106(a), (b), (c), and (d) of this title. In Montgomery County, the Commission also shall furnish at the time requested by the Council an estimate of unexpended balances as of the end of the county fiscal year as information for the tax levy resolution.

      (b)      The net unexpended balance for each county shall be computed as provided in this subsection. The Commission shall deduct from its actual unexpended cash receipts from taxes collected under § 6-106(a), (b), (c), and (d) of this title, an amount equal to debt service for the next succeeding fiscal year on bonds issued by it and outstanding with respect to property acquired by it in the county, plus an amount equal to the Commission's fixed obligations under contracts the first six months of the county's fiscal year, plus the amounts credited to the Commission's self-insurance fund, plus the sum of $200,000 with respect to Montgomery County and $150,000 with respect to Prince George's County. The difference between the two totals is the net unexpended balance of the Commission which the county may credit against the amounts payable by that county to the Commission in the next succeeding fiscal year, pursuant to provisions elsewhere in this title.

      (c)      When the county receives the certification from the Commission of its net unexpended balance with respect to that county, as above defined, the county may deduct the net unexpended balance from its estimate of the amount of money which will be raised in the next succeeding fiscal year by the levy of taxes collected under § 6-106(a), (b), (c), and (d) of this title, and in that fiscal year may levy the tax at a rate which the county estimates will produce an amount equal to the difference so arrived at, which amount shall then be the amount which the county is obligated to pay the Commission in that fiscal year pursuant to provisions elsewhere in this title. In no event may the tax rate be reduced to a rate insufficient to produce the amount of money necessary to pay debt service on bonds issued by the Commission and guaranteed by the county.