|
|
|
|
|
|
|
|
|
|
|
|
|
|
H.B. 1345 VETOES
|
|
|
|
|
|
|
|
|
(6) Each year, before the General Assembly considers the proposed
Maryland Transportation Plan and the Consolidated Transportation Program, the
Department shall report to the General Assembly, in accordance with § 2-1246 of the
State Government Article, on:
(i) The expenditures made toward the attainment of the bicycle
and pedestrian transportation goals during the preceding fiscal year under Title 2,
Subtitle 6 of this article; and
(ii) The progress made toward attainment of the bicycle and
pedestrian transportation goals identified for the fiscal year under Title 2, Subtitle 6
of this article.
(e) (1) Except as otherwise provided in this subsection, this section is
effective notwithstanding any other provision of law.
(2) Nothing in this section may adversely affect in any way the security
of any of the following bonds while they are outstanding and unpaid:
(i) State highway construction bonds, second issue;
(ii) State highway construction bonds, third issue;
(iii) County highway construction bonds; or
(iv) County highway construction bonds, second issue.
(3) It is the intent of the General Assembly that, as long as any of the
bonds listed in paragraph (2) of this subsection are outstanding and unpaid:
(i) The sinking fund requirements established for the payment of
the principal of and interest on those bonds shall remain unchanged, as if this section
had not been enacted; and
(ii) The taxes and revenues pledged to the payment of the principal
of and interest on those bonds as they become due and payable may not be repealed,
diminished, or applied to any other purpose until:
1. The bonds and the interest on them have become due and
fully paid; or
2. Adequate and complete provision for payment of the
principal and interest has been made.
(f) (1) No part of the Transportation Trust Fund may revert or be credited to
the general funds of this State. No part of the Transportation Trust Fund may revert
or be credited to a special fund of the State, unless otherwise provided by law. No part
of the Transportation Trust Fund may revert or be credited to a special fund of the
State pursuant to the provisions of § 7-209(c)(2) of the State Finance and
Procurement Article, unless the transfer is approved by the Legislative Policy
Committee. Failure of the Legislative Policy Committee to reject the transfer within
15 days after presentation before the Legislative Policy Committee shall be deemed to
be approval.
- 3844 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
