HARRY HUGHES, Governor

1095

development phase and for which funds are first being requested
for the construction phase. The report shall include a statement
of the funds being requested for each major capital project in
the budget request year and the estimated total cost of that
project.

(2) The report described in paragraph (1) of this
subsection also shall:

(i) Identify significant changes in cost,
scope, design, or scheduling of major capital projects for each
completed fiscal year;

(ii) List the amount of expenditures authorized
above the original project estimate when a significant change in
cost occurs;

(iii) List the amount of additional costs over
projected costs for each completed fiscal year and the aggregate
amount expended for a major capital project when a significant
change occurs; and

(iv) Include any additional information the
Secretary feels would be helpful to the members of the General
Assembly or other recipients of the Consolidated Transportation
Program.]

(2) ANNUALLY, THE CONSOLIDATED TRANSPORTATION PROGRAM
SHALL INCLUDE A REPORT THAT:

(I)  IDENTIFIES EACH MAJOR CAPITAL PROJECT FOR
WHICH THE BUDGET BILL OR A SUPPLEMENTAL BUDGET AMENDMENT 1ST
REQUESTS FUNDS FOR THE PROJECT DEVELOPMENT PHASE OR FOR THE
CONSTRUCTION PHASE;

(II)  WITH RESPECT TO EACH MAJOR CAPITAL PROJECT
FOR WHICH FUNDS ARE REQUESTED IN THE BUDGET REQUEST YEAR, STATES:

1.  THE AMOUNT OF THE FUNDS REQUESTED; AND

2.  THE TOTAL ESTIMATED COST OF THE
PROJECT;

(III)  IDENTIFIES SIGNIFICANT CHANGES IN THE
COST, SCOPE, DESIGN, OR SCHEDULING OF MAJOR CAPITAL PROJECTS FOR
EACH COMPLETED FISCAL YEAR;

(IV)  WHEN THERE IS A SIGNIFICANT CHANGE IN
COST, STATES THE AMOUNT BY WHICH THE EXPENDITURES THAT HAVE BEEN
AUTHORIZED EXCEED THE ORIGINAL PROJECT ESTIMATE;

(V)  WHEN THERE IS A SIGNIFICANT CHANGE, STATES:

1.  THE AMOUNT BY WHICH COSTS EXCEED
PROJECTED COSTS DURING EACH COMPLETED FISCAL YEAR; AND

2.  THE TOTAL AMOUNT THAT HAS BEEN
EXPENDED FOR A MAJOR CAPITAL PROJECT; AND