ROBERT L. EHRLICH, JR., Governor                               Ch. 76

(IV)    1. FOR FISCAL YEAR 2006, THE GOVERNOR SHALL INCLUDE
IN THE BUDGET BILL AN APPROPRIATION TO THE RESERVE FUND IN AN AMOUNT
EQUAL TO AT LEAST $20,000,000.

2. FOR EACH OF FISCAL YEARS 2006, 2007, 2007 AND 2008, THE
GOVERNOR SHALL INCLUDE IN THE BUDGET BILL AN APPROPRIATION TO THE
RESERVE FUND IN AN AMOUNT EQUAL TO AT LEAST $30,000,000.

(V)     NOTWITHSTANDING THE PROVISIONS OF § 7-213 OF THE STATE
FINANCE AND PROCUREMENT ARTICLE, THE GOVERNOR MAY NOT REDUCE AN
APPROPRIATION TO THE RESERVE FUND IN THE STATE BUDGET AS APPROVED BY
THE GENERAL ASSEMBLY

(VI)    THE DIRECTOR MAY NOT ISSUE AN INITIAL CREDIT
CERTIFICATE FOR ANY FISCAL YEAR AFTER FISCAL YEAR 2008.

(4) (I) EXCEPT AS PROVIDED IN THIS PARAGRAPH, MONEY
APPROPRIATED TO THE RESERVE FUND SHALL REMAIN IN THE FUND.

(II)     1. WITHIN 15 DAYS AFTER THE END OF EACH CALENDAR
QUARTER THE TRUST SHALL NOTIFY THE COMPTROLLER AS TO EACH COMMERCIAL
REHABILITATION COMPLETED AND CERTIFIED DURING THE QUARTER:

A.      THE MAXIMUM CREDIT AMOUNT STATED IN THE INITIAL
CREDIT CERTIFICATE FOR THE PROJECT; AND

B.      THE FINAL CERTIFIED CREDIT AMOUNT FOR THE
PROJECT.

2. ON NOTIFICATION THAT A PROJECT HAS BEEN
CERTIFIED, THE COMPTROLLER SHALL TRANSFER AN AMOUNT EQUAL TO THE
MAXIMUM CREDIT AMOUNT STATED IN THE INITIAL CREDIT CERTIFICATE FOR THE
PROJECT FROM THE RESERVE FUND TO THE GENERAL FUND.

(III)    L ON OR BEFORE OCTOBER 1 OF EACH YEAR THE TRUST
SHALL NOTIFY THE COMPTROLLER AS TO THE MAXIMUM CREDIT AMOUNT STATED
IN THE INITIAL CREDIT CERTIFICATE FOR EACH COMMERCIAL REHABILITATION FOR
WHICH THE INITIAL CREDIT CERTIFICATE HAS EXPIRED UNDER SUBSECTION (C)(3)
OF THIS SECTION AS OF THE END OF THE PRIOR FISCAL YEAR.

2. ON NOTIFICATION THAT THE INITIAL CREDIT
CERTIFICATE FOR A PROJECT HAS EXPIRED UNDER SUBSECTION (C)(3) OF THIS
SECTION, THE COMPTROLLER SHALL TRANSFER AN AMOUNT EQUAL TO THE
MAXIMUM CREDIT AMOUNT STATED IN THE INITIAL CREDIT CERTIFICATE FOR THE
PROJECT FROM THE RESERVE FUND TO THE GENERAL FUND.

(E) (1) IN THIS SUBSECTION, "DISQUALIFYING WORK" MEANS WORK THAT:

(I) IS PERFORMED ON A CERTIFIED HERITAGE STRUCTURE FOR
WHICH A REHABILITATION HAS BEEN CERTIFIED UNDER THIS SECTION; AND

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