Md. Code Ann., State Fin. & Proc. § 3-603
Scope, contents and consistency of program
Effective Jul 1, 2002Added as State Finance and Procurement § 5-701 by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 1988, c. 312, § 1, eff. July 1, 1988. Renumbered as State Finance and Procurement § 3-603 by Acts 1989, c. 540, § 1. Amended by Acts 2002, c. 440, § 8, eff. July 1, 2002.State of Maryland
- (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.
Added as State Finance and Procurement § 5-701 by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 1988, c. 312, § 1, eff. July 1, 1988. Renumbered as State Finance and Procurement § 3-603 by Acts 1989, c. 540, § 1. Amended by Acts 2002, c. 440, § 8, eff. July 1, 2002.
Formerly Art. 88C, §§ 2, 6.