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Maryland Code, State Finance and Procurement § 8-114

Current as of December 31, 2021 | Updated by FindLaw Staff

(a) The Department of Budget and Management annually shall prepare for the Governor a draft of the part of the consolidated loan budget that relates to general construction projects.

(b) On or before the 20th day of each regular session of the General Assembly, the Governor shall submit to the General Assembly:

(1) the consolidated loan budget; and

(2) if necessary, 1 or more bills that authorize new State debt to fund the consolidated loan budget.

(c) The consolidated loan budget shall:

(1) contain a complete plan of the proposed projects that any accompanying bills would fund; and

(2) show, by dollar amount and percent, the allocation for:

(i) general construction projects;

(ii) school construction projects; and

(iii) other special projects.

(d)(1) Each bill that the Governor submits under this section shall comply with the requirements of Article III, §§ 34 and 52 of the Maryland Constitution.

(2) An authorization of State debt to fund any part of the consolidated loan budget shall be deemed to be a single work, object, or purpose under Article III, § 52 of the Maryland Constitution.

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Cite this article: FindLaw.com - Maryland Code, State Finance and Procurement § 8-114 - last updated December 31, 2021 | https://codes.findlaw.com/md/state-finance-and-procurement/md-code-state-fin-and-proc-sect-8-114/

Read this complete Maryland Code, State Finance and Procurement § 8-114 on Westlaw

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