* WARNING: THIS IS AN UNOFFICIAL, INTRODUCTORY COPY OF THE BILL.
THE OFFICIAL COPY CONSIDERED BY THE CITY COUNCIL IS THE FIRST READER COPY.
INTRODUCTORY*
CITY OF BALTIMORE
COUNCIL BILL
Introduced by: The Council President
At the request of: The Administration (Department of Finance)
A BILL ENTITLED
AN ORDINANCE concerning
title
Supplementary State Fund Capital Appropriation - Department of Housing and Community Development - $750,000
FOR the purpose of providing a Supplementary State Fund Capital Appropriation in the amount of $750,000 to the Department of Housing and Community Development (Account #9910-903963-9587), to provide funding for the Park Heights Redevelopment Area for activities that include but are not limited to acquisition, relocation, and demolition; and providing for a special effective date.
body
BY authority of
Article VI - Board of Estimates
Section 8(b)(3) and (c)
Baltimore City Charter
(1996 Edition)
Recitals
The revenue appropriated by this Ordinance represents funds from surplus State Education Trust Fund-Video Lottery Terminal Revenue from Fiscal Year 2013 in excess of the revenue relied on by the Board of Estimates in determining the tax levy required to balance the budget for Fiscal Year 2014.
This additional revenue could not have been reasonably anticipated when the Ordinance of Estimates for Fiscal Year 2014 was formulated.
This appropriation is made necessary by a material change in circumstances since the Ordinance of Estimates for Fiscal Year 2014 was formulated or is for a new program that could not have been reasonably anticipated when that Ordinance of Estimates was formulated.
On December 11, 2013, the Board of Estimates recommended this appropriation to the City Council.
SECTION 1. BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF BALTIMORE, That $750,000 shall be made available to the Department of Housing and Community Development (Account #9910-903963-9587) as a Supplementary State Fund Capital Appropriation for Fiscal Year 2014, to provide funding for the Park Heights Redevelopment Area for activities that include but are not limited to acquisition, relocation, and demolition. The source of revenue for this appropriation is funds from surplus State Education Trust Fund-Video Lottery Terminal Revenue from Fiscal Year 2013 in excess of the amount from this source that was relied on by the Board of Estimates in determining the tax levy required to balance the budget for Fiscal Year 2014.
SECTION 2. AND BE IT FURTHER ORDAINED, That this Ordinance takes effect on the date it is enacted.
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