Section 23-505 - Matching amounts; current and capital expenses. - Maryland Statutes

§ 23-505. Matching amounts; current and capital expenses.
 

(a)  County share.- To be eligible for its State share of the minimum program, a county government shall levy an annual tax sufficient to provide an amount for library purposes equal to: 

(1) The wealth of the county; times 

(2) A uniform percentage, rounded to the fifth decimal place equal to: 

(i) 60 percent of the total minimum program for current and capital expenses to be shared for all counties; divided by 

(ii) The total wealth of all the counties. 

(b)  State share.- The State share of the minimum program for current and capital expenses for each county is the difference between the county share calculated under subsection (a) of this section and the minimum program for current and capital expenses to be shared under § 23-503 of this subtitle. 

(c)  Limitation on capital expense.- Not more than 20 percent of the county and State shares may be applied to capital expenses. 

(d)  Source of funds for county share of capital expense.- The county appropriation for capital expenses may include funds from any source except the State. 
 

[An. Code 1957, art. 77, § 176; 1978, ch. 22, § 2; 1986, ch. 124; 1996, ch. 10, § 16.]