WILLIAM DONALD SCHAEFER, Governor                     Ch. 40

than a total of five hundred thousand dollars ($500,000) in one
or more new loans during any calendar year.

DRAFTER'S NOTE: This corrects obsolete references to
functions transferred by Ch. 306, Acts of 1987, from
the Department of Health and Mental Hygiene to the
Department of the Environment. This also corrects
cross-references made obsolete by Ch. 240, Acts of
1982, and Ch. 306, Acts of 1987.

Article - State Finance and Procurement

In this section "Account" means the Dedicated Purpose

The Dedicated Purpose Account is established to:

(1)  retain appropriations for major, multi-year
expenditures where the magnitude and timing of cash needs are
uncertain; and

(2)  meet expenditure requirements which may be
impacted by changes in federal law or fiscal policies, or other
similar contingency situations.

(c)  The Governor may provide an appropriation in the budget
bill to the Account for a specific purpose or purposes.

(d)  (1) For those appropriations to the Account designated
for a specific purpose, after notice to and approval by the
Legislative Policy Committee, the Governor may transfer the
specific purpose funds by budget amendment from the Account to
the expenditure account of the appropriate unit of State
government.

(2) For those appropriations to the Account for a
general purpose, the Governor may transfer the general purpose
funds by budget amendment from the Account to the expenditure
account of the appropriate unit of State government only after
the proposed budget amendment has been submitted to the Senate
Budget and Taxation Committee and the House Appropriations
Committee of the General Assembly and approved by the Legislative
Policy Committee.

(e)  The Account is a continuing, nonlapsing fund which is
not subject to § 7-302 of this subtitle.

(f)  (1) The unspent balance of an appropriation to the
Account reverts to the Revenue Stabilization Account 4 years

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7-310.

(a)
Account.