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H.B. 972
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VETOES
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(4) any other analysis or information that is requested by the Legislative
Policy Committee; and
(5) the date on which the executive agency expects to disburse the funds
to the proposed recipient.
(m) If an executive agency fails to disburse transferred funds to a recipient
within 1 year after the expected disbursement date presented to the Legislative
Policy Committee under subsection (1) of this section, the funds will revert back to the
Fund and the Governor shall:
(1) resubmit the request to the Legislative Policy Committee to transfer
funds by budget amendment to the Fund; and
(2) provide the Legislative Policy Committee with the information
required under subsection (1) of this section.
(n) Funds appropriated to the Economic Development Opportunities Program
Fund may not be loaned [or], granted, OR INVESTED for:
(1) substituting for funds from other State or local programs for which a
project may be eligible and sufficient resources exist;
(2) projects which are not likely to attract or retain employment
opportunities;
(3) funding projects located outside the State;
(4) construction or land acquisition by the Maryland Stadium Authority;
or
(5) funding for any sports activity or facility.
(o) In the case of an economic development opportunity located outside a
priority funding area as established under Title 5, Subtitle 7B of this article, the
Department shall first comply with the provisions of that subtitle before making a
request for approval by the Legislative Policy Committee under this section.
(P) AN EXECUTIVE AGENCY MAY APPROVE CHANGES TO A TRANSACTION
APPROVED BY THE LEGISLATIVE POLICY COMMITTEE, OR ITS EXECUTIVE
COMMITTEE, AS LONG AS THE CHANGES DO NOT MATERIALLY AND ADVERSELY
AFFECT THE OVERALL POSITION OF THE EXECUTIVE AGENCY IN THE TRANSACTION
OR THE ECONOMIC DEVELOPMENT BENEFITS TO BE DERIVED BY THE STATE IN THE
TRANSACTION.
Article - Tax - Property
9-229.
(a) (1) In this section the following words have the meanings indicated.
(2) "Property tax attributable to an increase in an assessment" means
the additional property tax required to be paid as a result of the increase in the
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- 4700 -
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