|
S.B. 460 VETOES
(2) the [terms and conditions] TERMS, CONDITIONS, AND
PERFORMANCE REQUIREMENTS of any grant or loan for which the funds are to be used;
(3) a comprehensive economic analysis of the proposed use of the funds
which estimates:
(i) the economic impact to the State and the local jurisdictions
affected;
(ii) a minimum level of net economic benefits to the public sector; and
(III) THE NUMBER OF JOBS EXPECTED TO BE CREATED AS A
RESULT OF THE PROPOSED ECONOMIC DEVELOPMENT PROJECT AND THE
PERCENTAGE OF THOSE JOBS THAT ARE EXPECTED TO BE HELD BY MARYLAND
RESIDENTS;
(IV) THE WAGE RATES AND BENEFIT PACKAGES FOR THE JOBS
EXPECTED TO BE CREATED AS A RESULT OF THE PROPOSED ECONOMIC
DEVELOPMENT PROJECT; AND
(iii) (V) any other appropriate financial or economic benefits;
[and]
(4) ANY RECORD THE LOAN OR GRANT APPLICANT HAS OF CREATING
JOBS IN EXCHANGE FOR PUBLIC EXPENDITURES WITHIN OR OUTSIDE THIS STATE;
(5) ANY PENDING ACTIONS OR ADJUDICATED VIOLATIONS TO ANY
STATE, LOCAL OR FEDERAL GOVERNMENTAL ENTITY CONCERNING LABOR OR
ENVIRONMENTAL ISSUES THAT HAVE BEEN FILED AGAINST THE LOAN OR GRANT
APPLICANT;
(4) (6) (5) any other analysis or information that is requested by the
Legislative Policy Committee; AND
(5) (7) (6) THE DATE ON WHICH THE EXECUTIVE AGENCY EXPECTS
TO DISBURSE THE FUNDS TO THE PROPOSED RECIPIENT.
(K) (M) IF AN EXECUTIVE AGENCY FAILS TO DISBURSE TRANSFERRED
FUNDS TO A RECIPIENT WITHIN 1 YEAR AFTER THE EXPECTED DISBURSEMENT
DATE PRESENTED TO THE LEGISLATIVE POLICY COMMITTEE UNDER SUBSECTION
(J) (L) OF THIS SECTION, THE FUNDS WILL REVERT BACK TO THE FUND AND THE
GOVERNOR SHALL:
(1) RESUBMIT THE REQUEST TO THE LEGISLATIVE POLICY COMMITTEE
TO TRANSFER FUNDS BY BUDGET AMENDMENT TO THE FUND; AND
(2) PROVIDE THE LEGISLATIVE POLICY COMMITTEE WITH THE
INFORMATION REQUIRED UNDER SUBSECTION (J) (L) OF THIS SECTION.
[(k)](L) (N) Funds appropriated to the Economic Development Opportunities
Program Fund may not be loaned or granted for:
- 4038 -
|
