Volume 140, Page 388 View pdf image (33K) |
![]() |
![]() |
![]() |
![]() |
|
388 MARYLAND MANUAL. General Assembly for the session at which the Budget is to be submitted, the Governor shall submit to the General As sembly two budgets, one for each of the ensuing fiscal years. Each budget shall contain a complete plan of proposed ex penditures and estimated revenues for the particular fiscal year to which it relates; and shall show the estimated sur plus or deficit of revenues at the end of such year. Accom. panying each budget shall be a statement showing: (1) the revenues and expenditures for each of the two fiscal years next preceding; (2) the current assets, liabilities, reserves and surplus or deficit of the State; (3) the debts and funds of the State; (4) an estimate of the State’s financial condi tion as of the beginning and end of each of the fiscal years covered by the two budgets above provided; (5) any explana tion the Governor may desire to make as to the important features of any budget and any suggestion as to methods for reduction or increase of the State’s revenue. Second. Each budget shall be divided into two parts, and the first part shall be designated “Governmental Appropria tions” and shall embrace an itemized estimate of the appro priations: (1) for the General Assembly as certified to the Governor in the manner hereinafter provided; (2) for the Executive Department; (3) for the Judiciary Department, as provided by law, certified to the Governor by the Comp troller; (4) to pay and discharge the principal and interest of the debt of the State of Maryland in conformitywith Sec tion 34 of Article III of the Constitution, and all laws en acted in pursuance thereof; (5) for the salaries payable by the State under the Constitution and laws of the State; (6) for the establishment and maintenance throughout the State of a thorough and efficient system of public schools in conformity with Article VIII of the Constitution and with the laws of the State; (7) for such other purposes as are set forth in the Constitution of the State. Third. The second part shall be designated “General Ap propriations,” and shall include all other estimates of appro priations. The Governor shall deliver to the presiding officer of each House the budgets and a bill for all the proposed appropria tions of the budgets clearly itemized and classified; and the presiding officer of each House shall promptly cause said bill to be introduced therein, and such bill shall be known as the “Budget Bill.” The Governor may, before final action thereon by the General Assembly, amend or supplement either of said budgets to correct an oversight or in case of an emer gency, with the consent of the General Assembly by deliver ing such an amendment or supplement to the presiding offi |
![]() | |||
![]() | ||||
![]() |
Volume 140, Page 388 View pdf image (33K) |
Tell Us What You Think About the Maryland State Archives Website!
|
An Archives of Maryland electronic publication.
For information contact
mdlegal@mdarchives.state.md.us.