MARVIN MANDEL, Governor                           3821

Washington, D.C. 20515.
Approved April 8, 1975.

No. 13

(House Joint Resolution 1)

A House Joint Resolution concerning

Study of State Debt

FOR the purpose of requesting the Legislative Council to
study the recommendations contained in the report
"An Analysis and Evaluation of the State of
Maryland's Long-Term Debt: 1958-1988".

WHEREAS, The Department of Fiscal Services has
issued a report entitled "An Analysis and Evaluation of
the State of Maryland's Long-Term Debt: 1958-1988"; and

WHEREAS, The report contains a number of
recommendations with respect to the State's debt, some of
which require amendments to the State's Constitution to
implement; and

WHEREAS, Effective management of State debt is of
vital importance because of the long—term impact of the
issuance of bonds; and

WHEREAS, The findings and recommendations contained
in the report should receive careful and detailed study;
now, therefore, be it

RESOLVED BY THE GENERAL ASSEMBLY OF MARYLAND, That
the Legislative Council is requested to have the Joint
Budget and Audit Committee undertake a study of the
long—term debt in Maryland, including the findings and
recommendations in the study by the Department of Fiscal
Services and the reports and information available from
other agencies; and to submit its findings and
recommendations to the 1976 Session of the General
Assembly; and be it further

RESOLVED, That a copy of this Resolution be sent to
Dr. Carl N. Everstine, Secretary of the Legislative
Council.

Approved April 8, 1975.