2006 Regular Session

SENATE BILL 542

CHAPTER NUMBER: 51 File Code: Operating Budget Crossfiled with: HOUSE BILL 1331
Sponsored By:
Senators Currie, DeGrange, Exum, Forehand, Green, Hogan, Hollinger, Hughes, Kelley, Kramer, Middleton, and Ruben
Entitled:
Operating Budget - Revenue Stabilization Account - Use and Minimum Appropriation

Synopsis:

Increasing from 5% to 7.5% the percentage used to determine when specified minimum appropriations to the Revenue Stabilization Account are required and to calculate minimum annual appropriations to the Account; authorizing the Governor to transfer funds from the Account to General Fund revenues under specified circumstances; limiting the authority of the Governor to transfer funds from the Account to General Fund revenues under specified circumstances; etc.

History by Legislative Date

Senate Action
2/3
First Reading Budget and Taxation
2/8
Hearing 2/15 at 1:00 p.m.
2/10
Hearing cancelled
Hearing 2/15 at 12:30 p.m.
2/27
Favorable Report by Budget and Taxation
2/28
Favorable Report Adopted
Second Reading Passed
3/2
Third Reading Passed (33-12)
3/22
Returned Passed
House Action
3/3
First Reading Appropriations
3/7
Hearing 3/15 at 1:00 p.m.
3/20
Favorable Report by Appropriations
3/19
Favorable Report Adopted
Second Reading Passed
3/20
Third Reading Passed (95-41)
Action after passage in Senate and House
4/8
Became Law without Governor's signature per Maryland Constitution - Chapter 51

Sponsored by:

Senator Ulysses Currie, District 25
Senator James E. DeGrange, Sr., District 32
Senator Nathaniel Exum, District 24
Senator Jennie M. Forehand, District 17
Senator Leo E. Green, District 23
Senator Patrick J. Hogan, District 39
Senator Paula C. Hollinger, District 11
Senator Ralph M. Hughes, District 40
Senator Delores G. Kelley, District 10
Senator Rona E. Kramer, District 14
Senator Thomas M. Middleton, District 28
Senator Ida G. Ruben, District 20

Bill indexed under the following Subjects:

APPROPRIATIONS
BUDGETS -see also- CAPITAL BUDGETS
GOVERNOR
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

Bill affects the following Statute:

State Finance and Procurement
( 7-311 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
Senate
March 2, 2006: Third Reading Passed (33-12)
House
March 20, 2006: Third Reading Passed (95-41)