Ch. 7
1995 LAWS OF MARYLAND
for this purpose are restricted for
expenditure requirements resulting from
changes in federal law, regulations and
fiscal policies;
(3) $30 million to supplement the
appropriation for school construction
projects through program 23.05.02.01 Board
of Public Works Capital; and
(4) $6 million to provide an appropriation
for community college construction projects,
provided that this $200 million $190 million
of this appropriation shall be solely restricted
to reducing State personal income taxes
commencing with calendar year 1997, as
enacted in the 1996 Legislative Session by
legislation that specifies use of these moneys.
Further provided that in the 1996 Legislative
Session, the Governor may propose use of this
appropriation to offset:
(1) substantial reductions in federal revenues
due to changes in federal law or fiscal policies;
(2) reductions in State revenues attributable to
changes in federal income tax law; and
(3) substantial downturns in revenues resulting
from significant changes in the economy or
federal actions that lay off or terminate
Maryland employees.
This appropriation may be used for these
purposes only to the extent expressly enacted in
an Act of the General Assembly or as enacted
in the State budget bill.
Further provided that in the 1996 Legislative
Session, the Governor shall submit to the
General Assembly with the State budget bill a
report that indicates for the current fiscal year
and for the fiscal year for which the State
budget is proposed, the effects on revenues and
expenditures of changes in federal law or
federal fiscal policies and the extent to which
any moneys from this appropriation are being
requested to offset the effects.
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