HARRY HUGHES, Governor

1163

FOR the purpose of changing the procedures for disposition
of unexpended funds remaining from completed or
abandoned projects or programs which were constructed
with proceeds from State general obligation or other
loan funds or remaining from appropriations for capital
purposes; providing for the use of these unexpended
funds; and providing for the powers of the Governor and
the Board of Public Works in the disposition and use of
these funds.

BY repealing

Article 15A - Budget and Fiscal Planning

Section 2A and 3

Annotated Code of Maryland

(1976 Replacement Volume and 1979 Supplement)

BY repealing

Article 78A - Public Works

Section 3

Annotated Code of Maryland

(1975 Replacement Volume and 1979 Supplement)

BY adding to

Article 78A - Public Works

Section 3

Annotated Code of Maryland

(1975 Replacement Volume and 1979 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 15A - Budget and Fiscal Planning

[2A.

Any department, board, commission, institution or other
agency of this State which receives funds for a particular
project from the sale of bonds or other obligations of this
State and has unexpended funds on hand when the particular
project is completed shall forward the funds with a complete
explanation to the State Treasurer, who shall deposit all
such funds in the Bond Annuity Fund or similar fund which is
used to pay interest and principal on State bonds.]

[3.

Any unexpended balance of an appropriation for the
acquisition of land, buildings, equipment, new construction,
or other capital expenditure, whether made through a budget
bill, supplementary appropriation bill or bond issue bill,