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Session Laws, 2002
Volume 800, Page 3559   View pdf image
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PARRIS N. GLENDENING, Governor
Ch. 440
CHAPTER 440
(Senate Bill 323) AN ACT concerning The Budget Reconciliation and Financing Act of 2002 FOR the purpose of requiring the Governor to transfer to the General Fund certain
amounts from certain special funds for certain fiscal years; altering the
distribution of excess transfer tax revenues for certain fiscal years; altering a
certain State of Maryland income tax rate for individuals; altering the amount
that an individual may deduct for exemptions for calculating the State of
Maryland income tax; providing for a credit against the county income tax for
certain exemptions that individuals may deduct to determine Maryland taxable
income; specifying the contribution to the State Retirement Systems for a
certain fiscal year; increasing the percentage of value of certain property that is
subject to certain taxes for a certain year; eliminating certain payments to
certain counties for a certain fiscal year; requiring certain appropriations in
certain years; restricting the amount of the increase in appropriations for
certain purposes; specifying the payments for certain programs for a certain
fiscal years deferring "the payment of certain amounts to certain institutions;
requiring the Board of Public Works to cancel certain appropriations; delaying
certain pay increases for State employees under certain circumstances; making
the provisions of this Act severable; and generally relating to the financing of
State and local governments for certain fiscal years. FOR the purpose of requiring the Governor to transfer to the General Fund certain
amounts from certain special funds for certain fiscal years; altering the
distribution of the transfer tax revenues for certain fiscal years; altering the
determination of the required State contribution each year to the State
Retirement and Pension System; repealing certain provisions relating to certain
bonds previously issued by the State to provide funds for the Maryland Food
Center Authority; repealing certain obligations of the Maryland Food Center
Authority for the repayment of the interest on and principal of certain bonds;
directing the Maryland Food Center Authority to take certain actions as may be
required under a certain revenue bond resolution; altering the minimum
appropriation the Governor is required to include in the annual budget bill for
the Maryland Tourism Development Board Fund for certain fiscal years;
authorizing the use of the Health Claims Arbitration Fund for certain purposes;
authorizing the use of the Law Enforcement and Correctional Training Fund for
certain purposes; altering certain formulas for the computation of certain State
aid to certain community colleges and nonpublic institutions of higher education
for certain fiscal years; authorizing the Department of Natural Resources to use
certain moneys in the Waterway Improvement Fund for certain purposes for
certain fiscal years; prohibiting the inclusion of general fund capital
appropriations as a source of funding in the 5-year capital program prepared by
the Department of Budget and Management, with certain exceptions; requiring
general fund capital appropriations to be budgeted in the operating budget in a
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Session Laws, 2002
Volume 800, Page 3559   View pdf image
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