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Session Laws, 1978
Volume 736, Page 947   View pdf image
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BLAIR LEE III, Acting Governor                          947

Pursuant to the authority conferred on me by Article 3,
Section 52, Sub—section (5) of the Constitution of Maryland,
and in accordance with the consent of the (State Senate) —
(House of Delegates), duly granted, I hereby submit a fur-
ther supplement to Senate Bill 480 and/or House Bill 810 in
the form of an amendment to the original budget and addi-
tional proposal for the Fiscal Year ending June 30, 1979.

The Supplemental Budget will affect the previously
estimated funds available for budget operations as shown on
the following summary statement.

SUPPLEMENTAL BUDGET SUMMARY

Estimated General Fund Surplus
Available July 1, 1979 (as per
Supplemental Budget No. 1)                                           $ 386,178

Add: Additional Revenues:

Income Taxes (additional
revenue in Fiscal Year
1978 resulting from
recomputation of State
share of gross receipts in
Fiscal Years 1977 and
1978).                                              $ 3,583,000

Additional Revenues contin-
gent upon the failure of
both S.B. 514 and H.B. 851
(Income taxes associated
with higher standard
deductions).                                    30,000,000

General Funds contingent
upon the failure of both
S.B. 514 and H.B. 851.
(Reduced appropriation to
State Grants to Subdivi-
sions).                                               10,222,000

Amendment to Budget Bill

Revenue Deficiency Fund 6,000,000

General Funds contingent
upon legislative action on
original budget and

supplemental budget No. 1
(resulting from reduced
appropriations of        the

items therein).                            1,500,000        51,305,000

$51,691,178

 

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Session Laws, 1978
Volume 736, Page 947   View pdf image
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