clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1986
Volume 768, Page 3868   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

3868                                                      VETOES

(vii) For any other program within the
definition of "energy conservation programs" as provided by Pub.
L. No. 97-377, 96 Stat. 1830, § 155 (1982).

(2) (i) In the case of refunds received by the State
from any source as a direct or indirect result of alleged
petroleum pricing violations that are clearly related to
overcharges for petroleum products for transportation and require
alternative disbursement plans to those outlined in subsection
(a)(1) of this section, the Board shall develop alternative
disbursement plans for the restitutive use of the refunds.

(ii) In the expenditure of

transportation-related oil overcharge refunds under subsection
(a)(2)(i) of this section, the Board shall fund to the extent
practicable restitutive transportation-related programs otherwise
provided by State law.

[(b) The principal of the Trust Fund may be expended if:

(1) The principal of the Trust Fund does not exceed
$500,000;

(2) An energy emergency is declared by the Governor,
as provided in Article 41, § 15B(c-l) of the Code, and then only
for purposes of subsection (a)(1) of this section; or

(3) It is required as a condition of acceptance of
oil overcharge refunds.]

(B) (1) EXCEPT AS PROVIDED IN PARAGRAPH (2) OF THIS
SUBSECTION, IF THE BALANCE IN THE TRUST FUND AT THE BEGINNING OF
THE FISCAL YEAR EXCEEDS $5,000,000 $3,000,000, UP TO 50 PERCENT
OF THAT BEGINNING BALANCE MAY BE EXPENDED DURING THAT FISCAL
YEAR.

(2) THE SPENDING LIMITATION IN PARAGRAPH (1) OF THIS
SUBSECTION DOES NOT APPLY IF:

(I) AN ENERGY EMERGENCY IS DECLARED BY THE
GOVERNOR AS PROVIDED IN ARTICLE 41, § 15B (C-1) OF THE CODE, AND
THEN ONLY FOR PURPOSES OF SUBSECTION (A)(1) OF THIS SECTION; OR

(II) IT IS IN CONFLICT WITH A CONDITION OF
ACCEPTANCE OF OIL OVERCHARGE REFUNDS.; OR

(III) TO THE EXTENT THAT THE

GRAMM-RUDMAN-HOLLINGS DEFICIT REDUCTION LAW (PL99-177) REDUCES
FEDERAL FUNDS, THE BOARD MAY EXCEED THE PRINCIPAL EXPENDITURE
LIMITATIONS TO THE EXTENT OF THAT REDUCTION.

(c) Except in the event of an energy emergency declared by
the Governor OR A CONFLICT WITH A CONDITION OF ACCEPTANCE OF OIL
OVERCHARGE REFUNDS AND TO THE EXTENT NOT INCONSISTENT WITH
APPLICABLE FEDERAL LAW, REGULATIONS, OR RELEVANT JUDICIAL
DECISIONS, in the expenditure of funds from the Trust Fund[,

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1986
Volume 768, Page 3868   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  November 18, 2025
Maryland State Archives