WILLIAM DONALD SCHAEFER, Governor

Ch. 540

(2)  At the end of a term, a member appointed under
subsection (a)(1) of this section continues to serve until a
successor is appointed and qualifies.

(3)  A member who is appointed under subsection (a)(1)
of this section after a term has begun serves only for the rest
of the term and until a successor is appointed and qualifies.

(c) (1) The Commission may establish and abolish nonvoting
memberships.

(2) A nonvoting member shall be appointed by the
Commission for a term set by the Commission.

8-112.

(c) In making the estimate, the Committee shall consider:

(1)  the amount of State bonds that, during the next
fiscal year:

(i) will be outstanding; and

(ii) will be authorized but unissued;

(2)  the capital program prepared by the Department of
[State] BUDGET AND FISCAL Planning;

(3)  capital improvement and school construction needs
during the next 5 fiscal years, as projected by the Interagency
Committee on School Construction;

(4)  projections of debt service requirements during
the next 10 fiscal years;

(5)  the criteria that recognized bond rating agencies
use to judge the quality of issues of State bonds;

(6)  any other factor that is relevant to:

(i) the ability of the State to meet its
projected debt service requirements for the next 5 fiscal years;
or

(ii) the marketability of State bonds; and

(7)  the effect of authorizations of new State debt on
each of the factors set out in this subsection.

8-114.

(a) [With the help of the] THE Department of Budget and
Fiscal Planning[, the Department of State Planning] annually

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