Ch. 3

1997 LAWS OF MARYLAND

proposed changes. For each change, the
report shall identify the project title,
justification for adding the new project or
modifying the scope of the existing project,
current year funding levels, and the total
project cost estimate as approved by the
General Assembly during the prior session
compared with the proposed current year
funding and total project cost estimate
resulting from the project addition or
change in scope.

Notification of changes in scope shall be made
to the General Assembly concurrent with
the submission of the draft and final CTP.
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 $1.074 $1.092 $1.074
billion as of June 30, 1998. Provided,
however, that in addition to the limit
established under this provision, the
department may increase its debt
outstanding by not more than $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 1998 total special
fund expenditures for capital purposes by
the Maryland Department of

Transportation (MDOT) may not exceed
$533,377,982, minus reductions in turnover
expectancy which will be allocated to capital
programs; a reduction of $18,162,254 from

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