WILLIAM DONALD SCHAEFER, Governor Ch. 1
(19) $5,000,000 of the funds in the accounts of the State Insurance Trust Fund
established under § 9-103 of the State Finance and Procurement Article, including
$2,500,000 in general funds originally appropriated in State budgets for fiscal year 1988
and prior years to pay claims under Title 12, Subtitles 1 and 4 of the State Government
Article.
SECTION 3. AND BE IT FURTHER ENACTED, That, in the event the
Governor, in consultation with the Comptroller and the State Treasurer, shall determine
that less than the total amount of funds transferred under Section 1 and Section 2 of this
Act is required to attain a General Fund ending balance in FY 1991 of $200,000, the
amount of funds transferred from the following accounts shall be reduced in the priority
indicated:
First, the amount of funds transferred from the accounts for local projects under
Program Open Space shall be reduced by up to $11,893,044 in order to preserve funds for
previously authorized projects ready for final Board of Public Works approval; and
Second, the amount of funds transferred from the Rental Housing Programs Fund
shall be reduced by up to $3,000,000.
To the extent that the amount of funds transferred under Section 1 and Section 2 of this
Act exceeds the amount determined necessary to attain a General Fund ending balance
of $200,000 for FY 1991 by more than $14,893,044, the amounts transferred under Section
1 and Section 2 of this Act may be reduced by the Governor after consultation with the
budget committees of the General Assembly.
SECTION 4. AND BE IT FURTHER ENACTED, That, notwithstanding any
other provision of law, on or before June 30, 1992, the Governor, with the approval of the
Board of Public Works, may transfer up to $2,500,000 by approved budget amendment
from the account of the Maryland Industrial Land Fund established under Article 83A, §
5-414 of the Code to the account of the Economic Development Opportunities Fund
established under § 7-314 of the State Finance and Procurement Article.
SECTION 5. AND BE IT FURTHER ENACTED, That if any provision of this
Act or the application thereof to any person or circumstance is held invalid for any reason
in a court of competent jurisdiction, the invalidity does not affect other provisions or any
other application of this Act which can be given effect without the invalid provision or
application, and for this purpose the provisions of this Act are declared severable.
SECTION 6. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 28, 1991.
Approved June 26, 1991.
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