§ 3-605

Maryland § 3-605

• Jurisdiction: Maryland
• Article gsf: State Finance and Procurement
• Title: 3

Text

The capital program shall:

(1) classify projects according to their necessity and urgency;

(2) recommend a time sequence for the projects; and

(3) include the following information about each project:

(i) the contract price or an estimate of the cost of acquisition or construction;

(ii) an estimate of the operating and maintenance costs;

(iii) an estimate of the number of additional State positions that will be required as a result of the project;

(iv) an estimate of revenues likely to be received from the project; and

(v) existing sources of funds or the need for additional sources of funds for construction, acquisition, and operation.