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, 1995
Volume 793, Page 4311   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

PARRIS N. GLENDENING, Governor                             H.B. 1154

(F) (1) MONEYS MAY ONLY BE TRANSFERRED FROM THE ACCOUNT TO THE
EXTENT SPECIFICALLY AUTHORIZED IN AN ACT OF THE GENERAL ASSEMBLY.

(2) IF AUTHORIZED BY AN ACT OF THE GENERAL ASSEMBLY, THE
GOVERNOR MAY TRANSFER MONEYS FROM THE ACCOUNT TO OFFSET ANY
FEDERAL AID REDUCTIONS FOR THE CURRENT FISCAL YEAR OR FOR THE FISCAL
YEAR FOR WHICH THE STATE BUDGET IS ENACTED. THE TRANSFER SHALL BE BY
BUDGET AMENDMENT AND MAY NOT EXCEED THE AMOUNTS SET FORTH IN THE

ACT.

(B) EXCEPT AS PROVIDED IN SUBSECTION (F) OF THIS SECTION, THE CITIZEN
TAX REDUCTION AND FISCAL RESERVE ACCOUNT IS ESTABLISHED TO RETAIN STATE
REVENUES FOR THE PURPOSE OF OFFSETTING ANY REVENUE LOSS ATTRIBUTABLE TO
THE ENACTMENT OF LEGISLATION THAT:

(1) PROVIDES INDIVIDUAL INCOME TAX RELIEF; AND

(2) EXPRESSLY SPECIFIES THE USE OF THE FUNDS IN THIS ACCOUNT FOR
THAT PURPOSE.

(C) THE ACCOUNT IS A CONTINUING, NONLAPSING FUND WHICH IS NOT SUBJECT
TO § 7-302 OF THIS SUBTITLE.

(D) (1) THE GOVERNOR SHALL INCLUDE A PROPOSED APPROPRIATION TO THE
ACCOUNT IN THE STATE BUDGET BILL SUBMITTED AT THE 1996 SESSION OF THE
GENERAL ASSEMBLY IN AN AMOUNT EQUAL TO ANY UNAPPROPRIATED GENERAL FUND
BALANCE AS OF JUNE 30 OF THE PRECEDING YEAR.

(2) THE GOVERNOR MAY PROVIDE AN APPROPRIATION IN THE STATE
BUDGET BILL TO THE ACCOUNT IN ADDITION TO THE APPROPRIATION REQUIRED
UNDER PARAGRAPH (1) OF THIS SUBSECTION.

(E) (1) FUNDS MAY BE TRANSFERRED FROM THE ACCOUNT ONLY TO THE
EXTENT AUTHORIZED AS FOLLOWS:

(I) FUNDS TO OFFSET REDUCTIONS IN FEDERAL APPROPRIATIONS
SHALL BE IN THE FORM OF A SPECIAL FUND APPROPRIATION IN THE STATE BUDGET
BILL; AND

(II) FUNDS TO OFFSET REVENUE REDUCTIONS SHALL BE EXPRESSLY
AUTHORIZED IN AN ACT OF THE GENERAL ASSEMBLY OTHER THAN THE STATE BUDGET
BILL.

(2) FUNDS IN THE ACCOUNT MAY ONLY BE TRANSFERRED FROM THE
ACCOUNT AS PROVIDED IN THIS SECTION AND ARE NOT SUBJECT TO TRANSFER BY
BUDGET AMENDMENT.

(F) THE GOVERNOR MAY PROPOSE USE OF FUNDS IN THIS ACCOUNT TO OFFSET:

(1) SUBSTANTIAL REDUCTIONS IN FEDERAL REVENUES DUE TO CHANGES
IN FEDERAL LAW OR FISCAL POLICIES;

- 4311 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1995
Volume 793, Page 4311   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