Ch. 660 1997 LAWS OF MARYLAND
THE STATE OF MARYLAND IS VITALLY INTERESTED IN
ATTRACTING AND RETAINING NEW BUSINESSES THROUGH A
NUMBER OF INNOVATIVE PROGRAMS SUCH AS INCUBATOR
SUBSIDIES. THE INTENT IS NOT TO PENALIZE BUT TO PROVIDE
INCENTIVES TO COMPANIES TO REMAIN IN MARYLAND.
Further provided that preference shall be given to clients
graduating from State university affiliated incubators in the leasing
of the approximately 54,000 net square feet of this facility intended
for use by post-incubator companies. These clients shall be
screened and identified by the Regional Incubator Board
(Baltimore County)............................................................................. 5,000,000
41.01.01 DEPARTMENT OF STATE POLICE
(B) Westminster Barracks and Garage/Communications Building.
Construct and equip the new Westminster Barracks and
Garage/Communications Building and demolish existing structures[,
provided that no funds may be expended until the Department of State
Police has entered into an agreement with Carroll County to establish
a payment schedule to compensate the State for construction costs on
the portion of the Westminster Barracks attributable to the Resident
Trooper Program. Repayment shall be made within 15 years with
interest and deposited into the Annuity Bond Fundi (Carroll County). 2,657,000
SECTION 3. AND BE IT FURTHER ENACTED, That the General Assembly
declares that it is the public policy of this State to manage State general obligation bond
debt in a manner that will maintain Maryland's AAA bond rating. The General Assembly
further declares that legislative oversight, control, and review of all forms of State
obligations is essential to maintenance of the State's existing bond rating and protection
of the fiscal integrity of the State.
SECTION 4. AND BE IT FURTHER ENACTED, That, before work may
commence pursuant to any supplement to any appropriation contained herein,
satisfactory assurance must be given to the Board of Public Works that the project can be
completed with the aggregate of the funds herein and heretofore appropriated for the
stated purpose.
SECTION 5. AND BE IT FURTHER ENACTED, That, with the approval of the
Department of Budget and Management, any appropriation for construction provided in
this Act may be used to purchase capital equipment if the amount of the appropriation
exceeds the amount required for construction expenses, including allowances for
contingencies.
SECTION 6. AND BE IT FURTHER ENACTED, That, except as otherwise
provided in this Act, before a State agency or institution named in this Act as responsible
for an individual item may begin work with funds appropriated by this Act, the agency or
institution shall provide satisfactory evidence to the Board of Public Works that the work
described in the individual item can be completed with the funds specified for that item.
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