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Session Laws, 1997
Volume 795, Page 4323   View pdf image
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PARRIS N. GLENDENING, Governor                             Ch. 758

cost. Title to the land shall be in the name of the Mayor and City Council of Baltimore
City. The State is not responsible for costs involved in the development or maintenance of
the land.

(III) 1. A PORTION OF THE STATE'S SHARE OF FUNDS AVAILABLE
UNDER THIS PROGRAM NOT TO EXCEED THE AMOUNTS SPECIFIED BELOW MAY BE
TRANSFERRED BY AN APPROPRIATION IN THE STATE BUDGET TO THE RURAL
LEGACY PROGRAM UNDER TITLE 5, SUBTITLE 9A OF THIS ARTICLE: FISCAL YEAR
1998 ($4 MILLION), FISCAL YEAR 1999 ($7 $5 MILLION), FISCAL YEAR 2000 ($9 $6
MILLION), FISCAL YEAR 2001 ($9 $7 MILLION), AND FISCAL YEAR 2002 ($9 $8 MILLION).;

A.      IN FISCAL YEAR 1998. $4 MILLION;

B.      IN FISCAL YEAR 1999, $5 MILLION;

C.      IN FISCAL YEAR 2000, $6 MILLION;

D.      IN FISCAL YEAR 2001, $7 MILLION; AND

E. IN FISCAL YEAR 2002 AND EACH FISCAL YEAR THEREAFTER
$8 MILLION.
PROVIDED THAT IN EACH OF THOSE FISCAL YEARS. THE FOLLOWING
AMOUNTS OF GENERAL OBLIGATION BONDS HAVE BEEN AUTHORIZED FOR THE
RURAL LEGACY PROGRAM; FISCAL YEAR 1998 ($5 MILLION), FISCAL YEAR 1999 ($10
MILLION), FISCAL YEAR 2000 ($15 MILLION), FISCAL YEAR 2001 ($20 MILLION) AND
FISCAL YEAR 2002 ($30 MILLION). IF IN ANY YEAR, THE AMOUNT OF GENERAL
OBLIGATION BONDS AUTHORIZED IS LESS THAN THE AMOUNT SPECIFIED ABOVE,

THE AMOUNT OF FUNDS TRANSFERRED SHALL BE REDUCED PROPORTIONALLY.

2. FOR FISCAL YEARS 2003 2011, UP TO $9 $8 MILLION MAY BE
TRANSFERRED TO THE GENERAL FUND AS A CONTRIBUTION TO DEBT SERVICE,
PROVIDED THAT IN EACH OF THOSE FISCAL YEARS, $35 $30 MILLION IN GENERAL
OBLIGATION BONDS HAS BEEN AUTHORIZED TOR THE RURAL LEGACY PROGRAM.
IF, IN ANY OF THE FISCAL YEARS FROM 2003 THROUGH 2011, THE AMOUNT OF
GENERAL OBLIGATION BONDS AUTHORIZED TOR THE RURAL LEGACY PROGRAM IS
LESS THAN $30 MILLION, THE AMOUNT OF FUNDS TRANSFERRED AS A

CONTRIBUTION TO DEBT SERVICE SHALL BE REDUCED PROPORTIONALLY.

2. IN EACH FISCAL YEAR UP TO $2 MILLION OF THE FUNDS
TRANSFERRED UNDER THIS SUBPARAGRAPH TO THE RURAL LEGACY PROGRAM MAY BE
USED TO PURCHASE ZERO COUPON BONDS FOR EASEMENTS.

3. SUMS ALLOCATED TO THE RURAL LEGACY PROGRAM
NOT ATTRIBUTABLE TO THE SALE OF GENERAL OBLIGATION BONDS MAY NOT
REVERT TO THE GENERAL FUND OF THE STATE.

(g) (1) For the fiscal year commencing July 1, 1990, any amount appropriated in
the State budget, and for each subsequent fiscal year, up to 25 percent of the State's share
of funds THAT WOULD BE AVAILABLE UNDER THE PROGRAM IF 100 PERCENT OF THE
FUNDS NOT REQUIRED UNDER § 13-209(B) OF THE TAX - PROPERTY ARTICLE WERE
AVAILABLE FOR DISTRIBUTION AS PROVIDED IN § 13-209(D)(3) OF THE TAX -

- 4323 -

 

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Session Laws, 1997
Volume 795, Page 4323   View pdf image
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