1026

LAWS OF MARYLAND

Ch. 284

2-1004. STUDY OF SPENDING AND ECONOMY.

(A)  IN GENERAL.

THE COMMITTEE SHALL REVIEW IN DETAIL THE STATUS AND
PROJECTIONS OF THE REVENUES AND EXPENDITURES OF THE STATE AND THE
STATUS AND PROJECTIONS OF THE ECONOMY OF THE STATE.

(B)  CONSIDERATIONS.

IN EVALUATING FUTURE STATE EXPENDITURES, THE COMMITTEE SHALL
CONSIDER ECONOMIC INDICATORS SUCH AS PERSONAL INCOME, GROSS STATE
PRODUCT, OR OTHER DATA.

REVISOR'S NOTE: This section formerly appeared as Art. 40,
§ 111.

The only changes are in style.

Defined term: "Committee" § 2-1001

2-1005. REPORT; ANALYSIS.

(A)  REPORT.

ON OR BEFORE NOVEMBER 1 OF EACH YEAR, THE COMMITTEE SHALL
SUBMIT TO THE LEGISLATIVE POLICY COMMITTEE AND THE GOVERNOR A
REPORT WITH RECOMMENDATIONS ON FISCAL GOALS FOR THE STATE BUDGET
TO BE CONSIDERED AT THE NEXT REGULAR SESSION OF THE GENERAL
ASSEMBLY, INCLUDING:

(1)  A RECOMMENDED LEVEL OF STATE SPENDING;

(2)  A RECOMMENDED LEVEL OF NEW DEBT AUTHORIZATION;

(3)  A RECOMMENDED LEVEL OF STATE PERSONNEL;

(4)  A RECOMMENDED USE OF ANY ANTICIPATED SURPLUS; AND

(5)  OTHER FINDINGS OR RECOMMENDATIONS THAT THE
COMMITTEE CONSIDERS APPROPRIATE.

(B)  ANALYSIS.

IF THE REPORT RECOMMENDS EXPENDITURES IN EXCESS OF THE
ANNUAL INCREASE IN PERSONAL INCOME, GROSS STATE PRODUCT, OR OTHER
DATA THAT THE COMMITTEE USED TO MEASURE THE GROWTH OF THE STATE'S
ECONOMY, THE COMMITTEE SHALL PROVIDE THE SENATE AND THE HOUSE
WITH AN ANALYSIS AS TO THE EXTENT THE RECOMMENDATION EXCEEDS
THOSE ECONOMIC INDICATORS.

REVISOR'S NOTE: This section formerly appeared as Art. 40,
§ 112.

In subsection (a) of this section, the word "regular"
is added to modify the word "session", for clarity.