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, 1987
Volume 769, Page 833   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

WILLIAM DONALD SCHAEFER, Governor                   Ch. 126

(a) The first $20 million shall be distributed to the
General Fund of the State for appropriations contained in the
Budget Bill for Fiscal Year 1988.

(b) If the total amount credited to the General Fund
of the State is greater than $20 million and less than $25
million, the funds in excess of $20 million shall be distributed
to the General Fund of the State.

(c) If the total amount credited to the General Fund
of the State is $25 million or greater, the amount in excess of
$20 million shall be distributed to the Dedicated Purpose Account
of the State Reserve Fund to be used for nonrecurring types of

expenditures such as: pay as you go capital projects,

transferred to the Loan Fund in lieu of previously authorized

bonds, or for savings and loan reserves. These funds may be

transferred from the Dedicated Purpose Account by an

appropriation in the budget bill or by budget amendment that has
been approved by the Legislative Policy Committee.

SECTION 11. AND BE IT FURTHER ENACTED, That the Comptroller
shall distribute the revenue collected pursuant to Section 1 and
2 of this Act from the amnesty program in accordance with the
applicable provisions of Article 81 of the Annotated Code,
except
that the proceeds that would b
e credited to the General Fund of
the State under those provisions shall be distributed as follows:

(1) The first $20 million to the General Fund of the
State for the appropriations contained in the Budget Bill for

Fiscal Year 1988; and

(2) The remainder to the Revenue Stabilization
Account of the State Reserve Fund.         

(1) The first $20 million shall be distributed to the
General Fund of the State for the appropriation contained in the
Budget Bill for Fiscal Year 1988; and

(2) Any funds in excess of $20 million shall be
distributed to the State Reserve Fund in the following manner:

(a) One-half of the funds to the Dedicated
Purpose Account to be used for
nonrecurring expenditures such as
pay-as-you-go capital projects, transferred to the Loan Fund in
lieu of previously authorized bonds or for savings and loan
reserves; and                                                               

(b) One-half of the funds to the Revenue
Stabilization Account.

- 833 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1987
Volume 769, Page 833   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  August 17, 2024
Maryland State Archives