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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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STATE FINANCE AND PROCUREMENT |
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DIVISION I. STATE FINANCE |
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TITLE 3. BUDGET AND MANAGEMENT. |
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SUBTITLE 6. CAPITAL PROGRAM |
§ 3-605. Organization of capital program
Latest version.
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The capital program shall:
(1) classify projects according to their necessity and urgency;
(2) recommend a time sequence for the projects; and
(3) include the following information about each project:
(i) the contract price or an estimate of the cost of acquisition or construction;
(ii) an estimate of the operating and maintenance costs;
(iii) an estimate of the number of additional State positions that will be required as a result of the project;
(iv) an estimate of revenues likely to be received from the project; and
(v) existing sources of funds or the need for additional sources of funds for construction, acquisition, and operation.