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Ch. 440
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2002 LAWS OF MARYLAND
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(2) (I) [An] IN EACH OF FISCAL YEARS 2003 AND 2004, AN amount
equal to NOT LESS THAN [16 percent] 14.5% 14.3% of the State's General Fund per
full-time equivalent student appropriation to the 4-year public institutions of higher
education in this State for the preceding fiscal year;
(II) IN FISCAL YEAR 2005, AN AMOUNT EQUAL TO NOT LESS THAN
15.2% OF THE STATE'S GENERAL FUND PER FULL-TIME EQUIVALENT STUDENT
APPROPRIATION TO THE 4-YEAR PUBLIC INSTITUTIONS OF HIGHER EDUCATION IN
THIS STATE FOR THE PRECEDING FISCAL YEAR; AND
(III) IN FISCAL YEAR 2006, AN AMOUNT EQUAL TO 15.5% OF THE
STATE'S GENERAL FUND PER FULL TIME EQUIVALENT STUDENT APPROPRIATION TO
THE 1 YEAR PUBLIC INSTITUTIONS OF HIGHER EDUCATION IN THIS STATE FOR THE
PRECEDING FISCAL YEAR; AND
(IV) (III) IN FISCAL YEAR 2007 2006 AND EACH FISCAL YEAR
THEREAFTER, AN AMOUNT EQUAL TO NOT LESS THAN 16% OF THE STATE'S GENERAL
FUND PER FULL-TIME EQUIVALENT STUDENT APPROPRIATION TO THE 4-YEAR
PUBLIC INSTITUTIONS OF HIGHER EDUCATION IN THIS STATE FOR THE PRECEDING
FISCAL YEAR
Article - Natural Resources
8-709.
(D) NOTWITHSTANDING THE PROVISIONS OF SUBSECTION (A) OF THIS
SECTION, FOR EACH OF FISCAL YEARS 2003 AND 2004, AS PROVIDED IN THE STATE
BUDGET, THE DEPARTMENT MAY USE UP TO 50% OF THE MONEYS IN THE WATERWAY
IMPROVEMENT FUND FOR ADMINISTRATIVE EXPENSES DIRECTLY RELATING TO
IMPLEMENTING THE PURPOSES OF THE WATERWAY IMPROVEMENT FUND.
Article - State Finance and Procurement
3-603.
(a) The Department shall prepare, revise, and keep current a 5-year capital
program.
(b) The capital program shall include all capital projects of the State whether
funded by bond authorizations, operating budget funds, or capital leases.
(c) The capital program shall be consistent with the annual recommendations
of the Capital Debt Affordability Committee.
(D) EXCEPT FOR THE FIRST YEAR OF THE PROGRAM, THE CAPITAL PROGRAM
MAY NOT INCLUDE GENERAL FUND CAPITAL APPROPRIATIONS AS A SOURCE OF
FUNDING OTHER THAN FOR PROJECTS OR PROGRAMS THAT ARE INELIGIBLE FOR
TAX-EXEMPT DEBT FINANCING.
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- 3582 -
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