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Session Laws, 1995
Volume 793, Page 521   View pdf image
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Further provided that in the 1996 Legislative
Session, the Governor shall propose legislation
authorizing State individual income tax relief
beginning in taxable year 1997 to the extent
financially prudent and in the best interests of
the people of Maryland.

Further provided that any use of this
appropriation to offset reductions in federal
appropriations shall be in the form of special
fund appropriations
.........................................

90.01.02.01 Dedicated Purpose Account

General Fund Appropriation, to provide
funds to meet expenditure requirements
resulting from changes in federal law,
regulation or fiscal policies; provided,
however, that up to $20,900,000 of this
appropriation may be applied toward the
general fund expenses of a one time
"employee special payment program".
This
program would provide one time payments
of $400 to each state employee in a regular
position on S
eptember 1, 1995 who has held
a position of regular employment with the

state without interruption since January 1,
1995. It is th
e intent of the General
Assembly that this program bo implemented
only if the general fund balance attain
ed at
the end of FY 1995 exc
eeds that estimated
when the budget was enacted by at least
$20,900,000. The Governor is hereby

authorized to address the costs of
implementing this provision associated with
funds other than the general fund through
appropriate charges to agency accounts,
including such budget amendments as may
be required. A report indicating total costs
of the program by agency and fund shall be
submitted no later than November 30, 1995,
provided that this $50 million appropriation
shall be restricted for transfer to the Revenue
Stabilization Account (budget code
90.01.01.01) to be used to help meet the 5% of

- 521 -

PARRIS N. GLENDENING, Governor

Ch. 7

200,000,000

 

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Session Laws, 1995
Volume 793, Page 521   View pdf image
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