|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 445 2005 LAWS OF MARYLAND
(iii) the Secretary of Budget and Management; [and]
(iv) the Secretary of Transportation; AND
(V) THE CHAIRMAN OF THE SENATE BUDGET AND TAXATION
COMMITTEE; AND
(VI) THE CHAIRMAN OF THE HOUSE COMMITTEE ON
APPROPRIATIONS.
(3) AS NON-VOTING MEMBERS:
(I) THE CHAIR OF THE CAPITAL BUDGET SUBCOMMITTEE OF THE
SENATE BUDGET AND TAXATION COMMITTEE; AND
(II) THE CHAIR OF THE CAPITAL BUDGET SUBCOMMITTEE OF THE
HOUSE APPROPRIATIONS COMMITTEE.
SECTION 3. 4. 8. AND BE IT FURTHER ENACTED, That the General
Assembly declares that it is the public policy of this State to manage State general
obligation bond debt in a manner that will maintain Maryland's AAA bond rating. The
General Assembly further declares that legislative oversight, control, and review of
all forms of State obligations is essential to maintenance of the State's existing bond
rating and protection of the fiscal integrity of the State.
SECTION 4. 5. 9. AND BE IT FURTHER ENACTED, That, before work may
commence pursuant to any supplement to any appropriation contained in this Act,
satisfactory evidence must be given to the Board of Public Works that the project can
be completed with the aggregate of the funds in this Act and previously appropriated
for the stated purpose.
SECTION 5. 6. 10. AND BE IT FURTHER ENACTED, That, with the
approval of the Department of Budget and Management, any appropriation for
construction provided in this Act may be used to purchase capital equipment if the
amount of the appropriation exceeds the amount required for construction expenses,
including allowances for contingencies.
SECTION 6. 7. 11 AND BE IT FURTHER ENACTED, That, except as
otherwise provided in this Act, before a State agency or institution named in this Act
as responsible for an individual item may begin work with funds appropriated by this
Act, the agency or institution shall provide satisfactory evidence to the Board of
Public Works that the work described in the individual item can be completed with
the funds specified for that item.
SECTION 7. 8. 12. AND BE IT FURTHER ENACTED, That, with the
approval of the Department of Budget and Management, any appropriation under the
provisions of this Act that is in excess of the amount needed for a project may be
credited to the Construction Contingency Fund under Section 3-609 of the State
Finance and Procurement Article.
SECTION 8. 9. 13. AND BE IT FURTHER ENACTED, That, if federal funds
are available to help accomplish any project identified in this Act, the State agency or
|
|
|
|
|
|
|
|
|
|
- 2508 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
