Unexpended Balance for Local Share of POS Being Transferred to the General Fund

On Page 29 of the Budget Reconciliation and Financing Act (BRFA) of 2010 (SB141/HB151), the unexpended balance for the local share of Program Open Space is being transferred to the General Fund.  The BRFA langauge is below –

SECTION 12.  AND BE IT FURTHER ENACTED, That, notwithstanding any other provision of law:

(a)  On or before June 30, 2010, the Governor may transfer to the General Fund:

$103,113,000 of the unexpended balance of the funds for the local share of Program Open Space in the special fund established under §13-209 of the Tax – Property Article;

Such a one-time transfer was debated fairly extensively during the 2009 session, but ultimately rejected. Many counties, due to the nature of the Program Open Space funding, tend to “bank” multiple years’ distributions, in order to have capacity available to pursue a substantial purchase or project when an opportunity arises.

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