Ch. 162                                     1993 LAWS OF MARYLAND

CHAPTER 162
(House Bill 522)

AN ACT concerning

Frederick County - Accounting Procedures - Unappropriated Revenues

FOR the purpose of altering Frederick County budgetary procedures to include certain
fund transfers in the calculation of a required unappropriated balance to conform
county practice with accounting requirements of the Governmental Accounting
Standards Board.

BY repealing and reenacting, with amendments,
The Public Local Laws of Frederick County
Section 2-7-1(a)(2)

Article 11 - Public Local Laws of Maryland
(1979 Edition and November, 1992 Supplement, as amended)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 11 - Frederick County

2-7-1.

(a) (2) To protect the financial integrity of county government and to provide
sufficient liquidity required for daily operations, the county commissioners shall maintain
an unappropriated undesignated general fund balance. The amount shall be 5 percent of
the general fund expenditures AND OTHER TRANSFERS TO THE BOARD OF
EDUCATION AND THE FREDERICK COMMUNITY COLLEGE for the prior fiscal year.
Any amount that exceeds 5 percent of the general fund expenditures AND OTHER
TRANSFERS TO THE BOARD OF EDUCATION AND THE FREDERICK COMMUNITY
COLLEGE for the prior fiscal year shall be included as funds available for appropriation
in the current fiscal year.

SECTION 2. AND. BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1993.

Approved April 26, 1993.

CHAPTER 163
(House Bill 524)

AN ACT concerning

Frederick County - Contingency Fund - Cap

FOR the purpose of altering the maximum amount that the County Commissioners of

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