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<section article="gsf" article_name="State Finance and Procurement" number="8-114" title_number="8" title_name="Debt" subtitle_number="1" subtitle_name="General Obligation Debt">
  <level label="a">
    <text>The Department of Budget and Management annually shall prepare for the Governor a draft of the part of the consolidated loan budget that relates to general construction projects.</text>
  </level>
  <level label="b">
    <text>On or before the 20th day of each regular session of the General Assembly, the Governor shall submit to the General Assembly:</text>
    <level label="1">
      <text>the consolidated loan budget; and</text>
    </level>
    <level label="2">
      <text>if necessary, 1 or more bills that authorize new State debt to fund the consolidated loan budget.</text>
    </level>
  </level>
  <level label="c">
    <text>The consolidated loan budget shall:</text>
    <level label="1">
      <text>contain a complete plan of the proposed projects that any accompanying bills would fund; and</text>
    </level>
    <level label="2">
      <text>show, by dollar amount and percent, the allocation for:</text>
      <level label="i">
        <text>general construction projects;</text>
      </level>
      <level label="ii">
        <text>school construction projects; and</text>
      </level>
      <level label="iii">
        <text>other special projects.</text>
      </level>
    </level>
  </level>
  <level label="d">
    <level label="1">
      <text>Each bill that the Governor submits under this section shall comply with the requirements of Article III, §§ 34 and 52 of the Maryland Constitution.</text>
    </level>
    <level label="2">
      <text>An authorization of State debt to fund any part of the consolidated loan budget shall be deemed to be a single work, object, or purpose under Article III, § 52 of the Maryland Constitution.</text>
    </level>
  </level>
</section>
