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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 6. REVENUES |
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SUBTITLE 1. STUDIES AND ESTIMATES |
§ 6-106. Board
Latest version.
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(a) Studies. -- The Board shall:
(1) study the information that the Bureau provides; and
(2) consider the recommendations of the Bureau.
(b) Report. --
(1) In December, March, and September of each year, the Board shall submit to the Governor and, in accordance with § 2-1246 of the State Government Article, to the General Assembly, a report that:
(i) contains an itemized statement of the estimated State revenues from all sources for the fiscal year following the fiscal year in which the report is made; and
(ii) includes any recommendations of the Board.
(2) (i) Subject to subparagraph (ii) of this paragraph, the Governor shall state the most recent estimates of revenues reported by the Board in the proposed budget and any supplemental budget submitted to the General Assembly.
(ii) If the Governor uses different estimates of revenues in the formulation of the proposed budget and any supplemental budget submitted to the General Assembly than those reported by the Board, a statement providing an explanation as to the differences shall be included together with those submissions.
HISTORY: An. Code 1957, art. 41, § 194; 1985, ch. 11, § 2; 1991, ch. 55, § 6; 1997, ch. 635, § 9; ch. 636, § 9; 2007 Sp. Sess., ch. 2, § 8.