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Maryland Code, State Finance and Procurement § 3-603

Current as of January 01, 2025 | Updated by Findlaw Staff

(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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Cite this article: FindLaw.com - Maryland Code, State Finance and Procurement § 3-603 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-finance-and-procurement/md-code-state-fin-and-proc-sect-3-603/

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