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Session Laws, 1986
Volume 768, Page 2472   View pdf image
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2472                                          LAWS OF MARYLAND                                      Ch. 655

(E) EXCEPT AS PROVIDED IN SUBSECTION (F) OF THIS SECTION,
BEGINNING IN FISCAL YEAR 1988 AND FOR EACH SUBSEQUENT FISCAL
YEAR, THE GOVERNOR SHALL INCLUDE IN THE BUDGET BILL:

(1) AN APPROPRIATION OF AT LEAST $10 MILLION TO THE

ACCOUNT; AND

(2) AN APPROPRIATION OF $10 MILLION THAT IS

CONTINGENT UPON THE AVAILABILITY OF UNAPPROPRIATED GENERAL FUND

SURPLUS AT THE END OF THE CURRENT FISCAL YEAR. TO THE EXTENT

THAT THE AMOUNT OF UNAPPROPRIATED GENERAL FUND SURPLUS IS LESS
THAN $10 MILLION, THE AMOUNT OF THE EXPENDITURE FROM THE

APPROPRIATION SHALL BE EQUAL TO THE ACTUAL AMOUNT OF

UNAPPROPRIATED GENERAL FUND SURPLUS. AN APPROPRIATION OF AT LEAST
5,000,000 TO THE ACCOUNT.

(F) THE APPROPRIATIONS REQUIRED BY SUBSECTION (E) OF THIS
SECTION ARE NOT REQUIRED:

(1) FOR A FISCAL YEAR IN WHICH FUNDS ARE TRANSFERABLE
FROM THE ACCOUNT AS PROVIDED UNDER SUBSECTION (G) OF THIS
SECTION; OR

(2) WHEN THE ACCOUNT BALANCE EXCEEDS THE GREATER OF
$100 MILLION OR 2% OF THE ESTIMATED GENERAL FUND REVENUES .; OR

(3) WHEN THE AVERAGE STATE UNEMPLOYMENT RATE IS
GREATER THAN 6.5% FOR THE PERIOD OF APRIL THROUGH SEPTEMBER
PRECEDING THE GENERAL ASSEMBLY SESSION IN WHICH THE BUDGET IS TO
BE CONSIDERED
.

(G) THE GOVERNOR MAY TRANSFER FUNDS FROM THE ACCOUNT TO
GENERAL FUND REVENUES IF FOR THE PERIOD OF APRIL THROUGH
SEPTEMBER PRECEDING THE GENERAL ASSEMBLY SESSION IN WHICH THE
BUDGET IS TO BE CONSIDERED:

(1) THE AVERAGE STATE UNEMPLOYMENT RATE WAS GREATER
THAN 6.5%; AND

(2) THE AVERAGE STATE UNEMPLOYMENT RATE FOR THAT
PERIOD WAS GREATER THAN THE AVERAGE STATE UNEMPLOYMENT RATE FOR
THAT SAME PERIOD ONE YEAR EARLIER.

(H) IF THE GOVERNOR TRANSFERS FUNDS FROM THE ACCOUNT
PURSUANT TO SUBSECTION (G) OF THIS SECTION, THE AMOUNT OF THE
TRANSFER FROM THE ACCOUNT SHALL BE REDUCED BY AN AMOUNT
EQUIVALENT TO THE REDUCTIONS MADE BY THE GENERAL ASSEMBLY IN THE
GENERAL FUND APPROPRIATIONS.

(I) FUNDS OF THE ACCOUNT MAY ONLY BE TRANSFERRED FROM THE
ACCOUNT AS PROVIDED IN THIS SECTION AND ARE NOT SUBJECT TO

TRANSFER BY BUDGET AMENDMENT.

 

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Session Laws, 1986
Volume 768, Page 2472   View pdf image
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