§ 7–305
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 7-305 (2026)
Title 7. Appropriations
Subtitle 3. Unspent Balances
§ 7–305LinkCopy Citation
(a)
(1)
In this section the following words have the meanings indicated.
(2)
“Capital expenditure” includes an expenditure for:
(i)
acquisition of land, buildings, or equipment; or
(ii)
new construction.
(3)
“Miscellaneous capital grant” means a grant for a capital project for an entity that is not a unit of State government funded in the annual State operating budget within the Department of General Services.
(b)
At the end of a fiscal year, the unspent part of an appropriation for a capital expenditure made through the State budget or a supplementary appropriation act other than an enabling act for a general obligation loan:
(1)
does not revert to the General Fund; and
(2)
with the approval of the Board of Public Works, may be carried in a capital account until it is spent in accordance with subsection (c) of this section or until the authority to spend the appropriation for a project terminates.
(c)
Money carried in a capital account under subsection (b) of this section may be spent only for a capital purpose.
(d)
Unless otherwise provided by law, the authority to spend the appropriation for a project terminates:
(1)
1 year after the latest of abandonment, completion, or acceptance of the project; or
(2)
except to the extent the Board has encumbered money for a State project or program authorized by an appropriation act, 7 years after the effective date of the appropriation act that authorized the project unless:
(i)
the appropriation act provides otherwise; or
(ii)
in an emergency, the Board unanimously grants a temporary exception for 1 year.
(e)
(1)
This subsection applies to a miscellaneous capital grant 3 years or more after the effective date of the appropriation act that authorized the grant.
(2)
On or before July 1 each year, the Department of General Services shall submit to the Legislative Policy Committee, in accordance with § 2–1257 of the State Government Article, a report that identifies each grant for which:
(i)
no part of the grant is under contract approved by the Board; and
(ii)
the Board has not encumbered money for any part of the grant.