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Session Laws, 2004
Volume 801, Page 1879   View pdf image
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ROBERT L. EHRLICH, JR., Governor                             Ch. 430

(b) Money that is derived from a source estimated and included in an
appropriation act and that is in excess of the estimate shall remain in the General
Fund of the State until appropriated by a subsequent appropriation act.

7-310.

(a) In this section "Account" means the Dedicated Purpose Account.

(d)     For each appropriation to the Account, the Governor may:

(2) transfer the funds by budget amendment from the Account to the
expenditure account of the appropriate unit of State government [only] NO EARLIER
THAN 45 DAYS after the proposed budget amendment has been:

(I)      submitted to the Senate Budget and Taxation Committee and
the House Appropriations Committee of the General Assembly; and

(II)     [approved by] SUBMITTED TO the Legislative Policy Committee
FOR REVIEW AND COMMENT.

(f) (1) The unspent balance of an appropriation to the Account reverts to the
Revenue Stabilization Account 4 years after the end of the fiscal year for which the
appropriation was made.

(2) If the Governor determines that certain funds in the Account are no
longer needed for the purpose for which they were originally appropriated, those
funds may be transferred by budget amendment to the Revenue Stabilization Account
NO EARLIER THAN 45 DAYS after the proposed budget amendment has been:

(I)      submitted to the Senate Budget and Taxation Committee and
the House Appropriations Committee of the General Assembly; and

(II)     [approved by] SUBMITTED TO the Legislative Policy Committee
FOR REVIEW AND COMMENT.

7-311.

(a) (1) In this section[,] THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(2)     "Account" means the Revenue Stabilization Account.

(3)      "ESTIMATED GENERAL FUND REVENUES" MEANS THE ESTIMATED
GENERAL FUND REVENUES STATED IN THE ANNUAL REPORT OF THE BOARD OF
REVENUE ESTIMATES SUBMITTED TO THE GOVERNOR UNDER § 6-106 OF THIS
ARTICLE.

(e)     Except as provided in subsection (f) of this section, for each fiscal year:

(1) if the Account balance is below 3% of the estimated General Fund
revenues for that fiscal year, the Governor shall include in the budget bill an
appropriation to the Account equal to at least $100,000,000; and

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Session Laws, 2004
Volume 801, Page 1879   View pdf image
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