PARRIS N. GLENDENING, Governor

Ch. 13

Notification of new construction project
additions, as outlined in paragraph (1)
above, shall be made to the General
Assembly prior to the expenditure of funds
or the submission of any contract for
approval to the Board of Public Works.
Consolidated Transportation Bonds may be
issued in any amount provided that the
aggregate outstanding and unpaid principal
balance of these bonds and bonds of prior
issues shall not exceed $1.109 $1.1 billion as
of June 30, 1997. Provided however, that in
addition to the limit established under this
provision, the department may increase its
debt outstanding by not more than $20 $10
$15 million, so long as (1) notice stating the
specific reason for the additional debt
requirement is provided to the budget
committees and (2) the budget committees
have 30 days to review and comment on the
proposal before publication of a preliminary
official statement including the debt.

Notwithstanding any other provision of this
budget, for fiscal year 1997 total special fund
expenditures for capital purposes by the
Department of Transportation may not exceed
$538,255,291 $543,641,201; a reduction of
$29,251,000 $23.865.000 from the proposed
fiscal year 1997 budget as contained within the
final 1996 Consolidated Transportation
Program. The reduction of $29,251,000
$23,865,000 consists of $9.251,000 7,865,000
made by the General Assembly during the
1996 session and an additional $20 $16
million in project cash flow deferrals which
will be identified by the department. Provided
however, that this ceiling may be increased
only under the following conditions:

(1) Due to shifts in project cash flow from
fiscal year 1996; or

(2) Due to unforeseen circumstances, such as
market opportunities, which require immediate
action by the State; and

(3) The budget committees are notified of the

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