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Ch. 216 2006 LAWS OF MARYLAND
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Notwithstanding any other provision of law, the Secretary of Budget and
Management may transfer amounts appropriated in Comptroller Objects 0153, 0152
and 0154, 0305, and 0322 between State departments and agencies by approved
budget amendment in fiscal year 2006. and fiscal year 2007. All funds budgeted in or
transferred to Comptroller Objects 0152 and 0154, and any funds restricted in this
budget for use in the employee and retiree health insurance program that are
unspent shall be credited to the fund as established in accordance with Section 2—516
of the State Personnel and Pensions Article of the Annotated Code of Maryland.
Further provided that funds may be transferred between State agency programs and
subprograms within Comptroller Objects 0305 and 0322.
Further provided that each agency that receives funding in this budget in any of the
restricted Comptroller Objects herein listed within this section shall establish within
the State's accounting system a structure of accounts to separately identify for each
restricted Comptroller Object by fund source, the legislative appropriation, monthly
transactions, and final expenditures. It is the intent of the General Assembly that
accounting detail be established so that the Office of Legislative Audits may review
the disposition of funds appropriated for each restricted Comptroller Object as part of
each closeout audit to ensure that funds are used only for the purposes for which they
are restricted and that unspent funds are reverted or cancelled.
SECTION 18. AND BE IT FURTHER ENACTED. That for fiscal 2007, the total
amount of funds no funds may be transferred from the Revenue Stabilization
Account of the State Reserve Fund to the general fund may not exceed $200,000,000
$150,923,195.
SECTION 19. AND BE IT FURTHER ENACTED. That $26,000,000 of the
special fund appropriation for M00Q01.03 from the Cigarette Restitution Fund may
not be expended until the Department of Budget and Management and the State's
Office of the Attorney General submit a letter to the budget committees certifying
that the legal proceedings related to the 2006 Master Settlement Agreement payment
will not result in revenues received by the Cigarette Restitution Fund during 2006
falling below $123,604,700. The budget committees shall have 45 days to review and
comment on the letter from the date the letter was received by the committees.
SECTION 20. AND BE IT FURTHER ENACTED. That all across-the-board
reductions applied to the Executive Branch, unless otherwise stated, shall apply to
current unrestricted and general funds in the University System of Maryland, St.
Mary's College of Maryland, Morgan State University, and Baltimore City
Community College.
SECTION 21. AND BE IT FURTHER ENACTED. That the Comptroller of the
Treasury's General Accounting Division shall establish a subsidiary ledger control
account to debit all State agency funds budgeted under subobject 0175 (workers'
compensation coverage) and to credit all payments disbursed to the Injured Workers'
Insurance Fund (IWIF) via transmittal. The control account shall also record all
funds withdrawn from the IWIF and returned to the State and subsequently
transferred to the general fund. IWIF shall submit monthly reports to the
Department of Legislative Services concerning the status of the account.
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