Ch. 312

LAWS OF MARYLAND

CHAPTER 312

(Senate Bill 461)

AN ACT concerning

Capital Program

FOR the purpose of including within the 5-year capital program
prepared by the Department of State Planning projects at
State facilities and certain bond programs and capital lease
finance programs; requiring that the capital program be
consistent with the annual Debt Affordability Committee
recommendations; and generally relating to the capital
program.

BY repealing and reenacting, with amendments,

Article - State Finance and Procurement

Section 5-701

Annotated Code of Maryland

(1985 Volume and 1987 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - State Finance and Procurement

5-701.

(A)  The Department shall prepare, revise, and keep current
a 5-year capital program.

(B)  THE CAPITAL PROGRAM SHALL INCLUDE ALL CAPITAL PROJECTS
OF THE STATE WHETHER FUNDED BY BOND AUTHORIZATIONS, OPERATING
BUDGET FUNDS, OR CAPITAL LEASES.

(C)  THE CAPITAL PROGRAM SHALL BE CONSISTENT WITH THE ANNUAL
RECOMMENDATIONS OF THE CAPITAL DEBT AFFORDABILITY COMMITTEE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 17, 1988.

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