Ch. 654                                        1994 LAWS OF MARYLAND

(iii) 3. circumstances necessitate that consideration of the total
project funding occur during the legislative interim, rather than during the legislative
session; and

(3) (2) [the request for total project funding has been approved by the
Legislative Policy Committee of the General Assembly and the Board of Public Works]
THE TOTAL PROJECT FUNDING REQUEST HAS BEEN SUBMITTED TO THE
LEGISLATIVE POLICY COMMITTEE FOR ITS REVIEW AND COMMENT AND THAT 45
DAYS HAVE ELAPSED AFTER THE LEGISLATIVE POLICY COMMITTEE HAS RECEIVED
THE REQUEST.

(I) THE TOTAL PROJECT FUNDING REQUEST HAS BEEN
SUBMITTED TO THE LEGISLATIVE POLICY COMMITTEE FOR ITS REVIEW AND
COMMENT;

(II)     WRITTEN COMMENT FROM THE LEGISLATIVE POLICY
COMMITTEE HAS BEEN RECEIVED OR 45 DAYS HAVE ELAPSED AFTER THE
LEGISLATIVE POLICY COMMITTEE HAS RECEIVED THE REQUEST AND . ALL
SUPPORTING INFORMATION; AND

(III)       THE REQUEST HAS BEEN APPROVED BY THE BOARD OF
PUBLIC WORKS.

(i) The submissions and approvals required by subsections (b) through (h) of this
section are not required in connection with any capital project funded by the
Transportation Trust Fund.

(j) "Total project funding" means the funding for the planning, design,
construction, and equipment of a capital project through a single appropriation or
authorization OR THROUGH A PROPOSED CAPITAL LEASE.

(K) "CAPITAL LEASE" MEANS ANY LEASE FINANCING OF REAL PROPERTY
WHICH BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, IS DEFINED AS A
CAPITAL LEASE.

(K) "CAPITAL LEASE" MEANS ANY LEASE, DEFINED AS A CAPITAL LEASE IN
ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THAT IS
USED TO FINANCE THE ACQUISITION, PURCHASE, CONSTRUCTION, AND ANY
RELATED RENOVATION OR ALTERATION OF REAL PROPERTY THAT IS THE SUBJECT
OF A CAPITAL PROJECT.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1994.

Approved May 26, 199.4.

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