1728                                      LAWS OF MARYLAND                                 Ch. 844

and Baltimore City.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That [(Sections 5(a), 6, and 7(a) and (c)]] Section 5(A) of Article
77A of the Annotated Code of Maryland (1969 Replacement Volume and 1972
Supplement), title "Higher Education," subtitle "Community Colleges," be and
[[they are]] it is hereby repealed and re-enacted, with amendments, to read as
follows:

5.

(a) Except for regional community colleges, the county superintendent of schools
(and in Baltimore City the superintendent of public instruction) shall serve as
secretary and treasurer to the board of trustees. The president of the community
college shall attend all meetings of the board, except those involving his personal
position as president. Except for regional community colleges, the board of
trustees, the secretary-treasurer, and the president of the community colleges
[I [Hare charged with the preparation of the annual budget, its presentation to the
county commissioners, county council, or the board of estimates of Baltimore City,
and the receipt and expenditures of budgeted funds under an adequate accounting
system, subject to review by the auditor of the county or of Baltimore City, as the
case may be[[]]] . [[SHALL PREPARE AND PRESENT TO THE LOCAL
GOVERNING BODY IN THE MANNER PRESCRIBED BY LOCAL LAWS
OR REGULATIONS, AN ANNUAL OPERATING BUDGET WHICH
SHALL CONTAIN A STATEMENT OF ALL REVENUES, INCLUDING
SURPLUSES, IF ANY, ESTIMATED FOR THE ENSUING FISCAL YEAR,
CLASSIFIED SO AS TO SHOW ALL REVENUES BY FUNDS AND
SOURCES OF INCOME AND A STATEMENT OF ALL EXPENDITURES
REQUESTED FOR THE ENSUING FISCAL YEAR INCLUDING CAPITAL
EXPENDITURES CLASSIFIED BY FUND, FUNCTION, PROGRAM AND
OBJECT WITH WHATEVER OTHER REASONABLE SUPPORTING DATA
MAY BE REQUIRED BY LOCAL FISCAL AUTHORITIES. THEY SHALL
ALSO PREPARE AN ANNUAL CAPITAL BUDGET, AND WHEN
REQUIRED BY LOCAL LAW, ORDINANCE, OR REGULATION, AN
ANNUAL LONG-TERM CAPITAL IMPROVEMENT PROGRAM WHICH
SHALL CONTAIN A STATEMENT OF ALL REVENUES AND
EXPENDITURES AND BE IN ACCORDANCE WITH LOCAL FISCAL
PROCEDURES. ALL FISCAL AND BUDGET TRANSACTIONS
OCCURRING AFTER THE APPROVAL OF THE ANNUAL BUDGET BY
A POLITICAL SUBDIVISION SHALL, AS TO THOSE CAPITAL AND
OPERATING FUNDS PROVIDED, BE GOVERNED BY THE LOCAL
LAWS, ORDINANCES AND REGULATIONS OF THE POLITICAL
SUBDIVISION RELATING TO BORROWING, ALLOTMENT OF FUNDS,
TRANSFERS OF APPROPRIATIONS AND CAPITAL PROJECTS,
AUDITING, LAPSING OF UNEXPENDED APPROPRIATIONS AND
OTHER RELATED MATTERS.]]         NOTWITHSTANDING OTHER

PROVISIONS OF THIS SUBTITLE, THE BUDGET OF A COMMUNITY
COLLEGE [[, EXCEPT FOR All AND REGIONAL COMMUNITY
[[COLLEGE]] COLLEGES, SHALL BE SUBJECT TO REVIEW AND
APPROVAL, INCLUDING REDUCTION THEREIN, BY THE COUNTY
COMMISSIONERS, COUNTY EXECUTIVE AND COUNTY COUNCIL OR
MAYOR AND CITY COUNCIL OF BALTIMORE. IN ACCORDANCE
WITH THE PROVISIONS OF THE CHARTER, LOCAL LAW OR OTHER
LOCAL EMULATIONS RELATING TO THE BUDGET AND
APPROPRIATION OF FUNDS, FOR REGIONAL COMMUNITY
COLLEGES, THE GOVERNING BODIES OF THE PARTICIPATING
COUNTIES SHALL ACT IN CONCERT AND SHALL JOINTLY
CONSIDER THE BUDGET OF THAT REGIONAL COMMUNITY