|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 444 2005 LAWS OF MARYLAND
(IV) FOR THE FISCAL YEAR BEGINNING JULY 1, 2005;
1. $141,492,930 SHALL BE DEDICATED TO THE ANNUITY BOND
FUND OF THE STATE, TO BE USED ONLY FOR THE PURPOSE OF MEETING THE DEBT
SERVICE REQUIREMENTS FOR FISCAL 2006 ON STATE BONDS; AND
2. THE REMAINDER SHALL BE ALLOCATED AS PROVIDED IN
THE STATE BUDGET.
(IV) FOR THE FISCAL YEAR BEGINNING JULY 1, 2005, $68,223,132
SHALL BE ALLOCATED TO THE GENERAL FUND OF THE STATE AND THE REMAINDER
SHALL BE ALLOCATED AS PROVIDED IN SUBSECTION (D) OF THIS SECTION.
(2) Subject to subsection (e) of this section, for the fiscal years beginning
July 1, [2005] 2006 and each subsequent fiscal year, the balance of the revenue in the
special fund, not required under subsection (b) of this section shall be allocated as
provided in subsection (d) of this section.
(d) Subject to subsection (e) of this section, for the fiscal year beginning July 1,
2002 and for each subsequent fiscal year, the balance of the revenue in the special
fund, not required under subsection (b) of this section and not allocated to the General
Fund under subsection (c)(1) of this section shall be allocated in the State budget as
follows:
(1) (i) 75.15% for the purposes specified in Title 5, Subtitle 9 of the
Natural Resources Article (Program Open Space): and
(ii) an additional 1% for Program Open Space, for land acquisition
purposes as specified in § 5-903(a)(2) of the Natural Resources Article;
(2) 17.05% for the Agricultural Land Preservation Fund established
under § 2-505 of the Agriculture Article:
(3) 5% for the Rural Legacy Program established under § 5-9A-01 of the
Natural Resources Article; and
(4) 1.8% for the Heritage Conservation Fund established under § 5-1501
of the Natural Resources Article.
(e) The sums allocated in subsection (d) of this section may not revert to the
General Fund of the State.
(f) (1) (I) [For] EXCEPT AS PROVIDED IN SUBPARAGRAPH (II) OF THIS
PARAGRAPH, FOR any fiscal year in which the actual transfer tax revenue collections
are greater than the revenue estimates used as the basis for the appropriations
required under this section for the fiscal year, the amount of the excess shall be
allocated to the special fund under subsection (a) of this section as provided under
subsections (c) and (d) of this section for the second fiscal year following the fiscal
year in which there is an excess.
(II) NOTWITHSTANDING SUBPARAGRAPH (I) OF THIS PARAGRAPH
OR ANY OTHER PROVISION OF LAW, $21,776,868 OF THE TRANSFER TAX COLLECTED
BUT NOT APPROPRIATED OR TRANSFERRED IN FISCAL 2004 SHALL BE DEDICATED TO
- 2404 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
