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Session Laws, 1999
Volume 796, Page 715   View pdf image
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(B) INVESTMENTS.

(1) THE FUND SHALL BE INVESTED AND REINVESTED IN THE SAME
MANNER AS OTHER STATE FUNDS.

(2) ANY INVESTMENT EARNINGS SHALL BE CREDITED TO THE FUND.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 41, § 4-1301(b)(2) through (5) and (7).

In subsection (a)(3) of this section, the reference to the "Office of
Legislative Audits" is substituted for the former reference to the "Division
of Audits" to reflect the current organization of the Department of
Legislative Services. See Title 2, Subtitle 12, Part IV of the State
Government Article.

Defined terms: "Comptroller" § 1-101
"Fund" § 8-301
"Treasurer" § 1-101

8-304. EXPENDITURES.

(A) IN GENERAL.

EXPENDITURES UNDER THIS SECTION SHALL BE MADE IN ACCORDANCE WITH
AN APPROPRIATION APPROVED BY THE GENERAL ASSEMBLY IN THE STATE BUDGET.

(B) BUDGET REQUESTS.

(1) THE DEPARTMENT SHALL INCLUDE IN ITS ANNUAL OPERATING AND
CAPITAL BUDGET REQUESTS AN ITEMIZED LIST OF REQUESTS FOR THE USE OF
MONEY FROM THE FUND.

(2) THE LIST SHALL INCLUDE A BRIEF DESCRIPTION OF EACH PROJECT,
AN ESTIMATE OF ITS COST, AND THE BENEFITS TO BE DERIVED.

(C) RESTRICTIONS.

(1) DISBURSEMENTS FROM THE FUND SHALL SUPPLEMENT AND MAY
NOT SUBSTITUTE FOR ANY AMOUNTS DESIGNATED IN THE STATE BUDGET FOR
ASSISTANCE TO STATE AND LOCAL JURISDICTIONS FOR LAW ENFORCEMENT AND
CORRECTIONAL TRAINING PURPOSES.

(2) MONEY FROM THE FUND MAY NOT BE USED TO SUPPLANT THE
BUDGET OF THE POLICE TRAINING COMMISSION OR THE CORRECTIONAL TRAINING
COMMISSION.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 41, § 4-1301(b)(6), (c), and (d).

In subsection (a) of this section, the former requirement that an
appropriation be approved "prior to the expenditure or obligation" is
deleted as implicit in the requirement that expenditures be made "in

 

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Session Laws, 1999
Volume 796, Page 715   View pdf image
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