Martin O'Malley, Governor                                                                                    Ch. 2

recent estimates of revenues reported by the board in the proposed
budget and any supplemental budget submitted to the general
assembly.

(ii) If the Governor uses different estimates of
revenues in the formulation of the proposed budget and any
supplemental budget submitted to the general assembly than those

REPORTED BY THE BOARD, A STATEMENT PROVIDING AN EXPLANATION AS TO
THE DIFFERENCES SHALL BE INCLUDED TOGETHER WITH THOSE SUBMISSIONS.

7-311.

(a) (1) In this section the following words have the meanings indicated.

(2)       "Account" means the Revenue Stabilization Account.

(3)       "Estimated General Fund revenues" means the estimated General
Fund revenues FOR A FISCAL YEAR stated in the [annual] report of the Board of
Revenue Estimates submitted to the Governor under § 6-106 of this article IN
DECEMBER PRECEDING THE FISCAL YEAR.

Article - Transportation

2-103.1.

(l) (2) (i) The financial forecast supporting the Consolidated
Transportation Program to be submitted to the General Assembly under paragraph (1)
of this subsection shall include the following components:

1. A schedule of operating expenses for each specific
modal administration:

2. A schedule of revenues, including tax and fee revenues.
deductions from revenues for other agencies. Department program and fees. Motor
Vehicle Administration cost recovery, deductions for highway user revenues, operating
revenues by modal administration, and miscellaneous revenues: and

3. A summary schedule for the Transportation Trust
Fund that includes the opening and closing Fund balance, revenues, transfers, bond
sales, bond premiums, any other revenues, expenditures for debt service, operating
expenses, amounts available for capital expenses, bond interest rates, bond coverage
ratios, total bonds outstanding, federal capital aid, and the total amount for the
transportation capital program.

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