Maryland State Finance and Procurement Section 8-113

Article - State Finance and Procurement

§ 8-113.

      (a)      On or before October 15 of each year, after considering the current estimate of the Committee, the Governor shall determine:

            (1)      the total authorizations of new State debt that the Governor considers advisable for the next fiscal year; and

            (2)      the preliminary allocation of new State debt for:

                  (i)      general construction projects;

                  (ii)      school construction projects; and

                  (iii)      other special projects.

      (b)      The Governor may alter these determinations.

      (c)      An allocation of the Governor for school construction projects is advisory to the Board.



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