<?xml version='1.0' encoding='utf-8'?>
<section article="gsf" article_name="State Finance and Procurement" number="7-325" title_number="7" title_name="Appropriations" subtitle_number="3" subtitle_name="Unspent Balances">
  <level label="a">
    <level label="1">
      <text>In this section the following words have the meanings indicated.</text>
    </level>
    <level label="2">
      <text>“Council” means the Maryland State Arts Council.</text>
    </level>
    <level label="3">
      <text>“General fund growth adjustment” means the percentage by which the projected total General Fund revenues for the upcoming fiscal year exceed the revised estimate of total General Fund revenues for the current fiscal year, as contained in the report of estimated State revenues submitted by the Board of Revenue Estimates to the Governor under § 6–106(b) of this article.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>For fiscal years 2013 through 2024, the Governor shall include in the annual budget bill a General Fund appropriation for the Council in an amount not less than the amount of the General Fund appropriation for the Council for the immediately preceding fiscal year increased by the general fund growth adjustment.</text>
    </level>
    <level label="2">
      <text>For fiscal year 2025 and each fiscal year thereafter, the Governor shall include in the annual budget bill a General Fund appropriation for the Council in an amount not less than the result of the following calculation:</text>
      <level label="i">
        <text>any funds distributed to the Council in the immediately preceding fiscal year in accordance with § 2–202 of the Tax – General Article increased by the general fund growth adjustment; plus</text>
      </level>
      <level label="ii">
        <text>the amount of the General Fund appropriation for the Council for the immediately preceding fiscal year increased by the general fund growth adjustment; minus</text>
      </level>
      <level label="iii">
        <text>the amount of funds distributed to the Council in the immediately preceding fiscal year in accordance with § 2–202 of the Tax – General Article.</text>
      </level>
    </level>
  </level>
  <level label="c">
    <text>The Legislative Auditor has the authority to conduct a review or audit of any recipient of a grant from the Council.</text>
  </level>
</section>
