WILLIAM DONALD SCHAEFER, Governor                            Ch. 1

(e)     Except as provided in subsection (f) of this section, beginning in fiscal year
1993 and for each subsequent fiscal year, the Governor shall include in the budget bill an
appropriation of at least $25,000,000 to the Account, or whatever lesser amount is
required for the Account balance to exceed 2% of the estimated General Fund revenues
for that fiscal year.

(f)     The appropriations required by subsection (e) of this section are not required:

(1)     for a fiscal year in which funds are transferable from the Account as
provided under subsection (g) of this section;

(2)     when the Account balance exceeds 2% of the estimated General Fund
revenues;

(3)     when the average State unemployment rate is greater than 6.5% for the
period of April through September preceding the General Assembly session in which the
budget is to be considered; or

(4)     for fiscal year 1992.

(g)     (1) The Governor may transfer funds from the Account to General Fund
revenues if for the period of April through September preceding the General Assembly
session in which the budget is to be considered:

(i) the average State unemployment rate was greater than 6.5%; and

(ii) the average State unemployment rate for that period was greater
than the average State unemployment rate for that same period one year earlier.

(2) Notwithstanding the provisions of subsections (h) and (i) of this section,
in fiscal year 1991, the Governor [may] SHALL transfer [up to $100,000,000]
$127,400,000 from the Account to the General Fund.

(h) If the Governor transfers funds from the Account pursuant to paragraph
(g)(1) of this section, the amount of the transfer from the Account shall be reduced by an
amount equivalent to the reductions made by the General Assembly in the General Fund
appropriations.

(i) Funds of the Account may only be transferred from the Account as provided
in this section and are not subject to transfer by budget amendment.

SECTION 2. AND BE IT FURTHER ENACTED, That, notwithstanding any
other provision of law and in addition to any amounts transferred under Chapter 470 of
the Acts of the Regular Session of the General Assembly of 1991, for fiscal year 1991, the
Governor shall transfer to the General Fund the following amounts from the accounts
indicated except as provided under Section 3 of this Act:

(1) $1,000,000 of the funds in the account of the Economic Development
Opportunities Program Fund established under § 7-314 of the State Finance and
Procurement Article;

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