Ch. 63 LAWS OF MARYLAND

Article - Tax - Property

13-209.

(a) The revenue from transfer tax is payable to the Comptroller for deposit in a
special fund.

(b) ^[(1)^] The special fund under subsection (a) of this section is used to pay
principal and interest on the bonds issued under the Outdoor Recreation Land Loan of
1969.

(2) FOR THE FISCAL YEAR COMMENCING JULY 1, 1991 AND FOR
SUBSEQUENT FISCAL YEARS, UP TO 3% OF THE REVENUES IN THE
SPECIAL FUND NOT REQUIRED UNDER PARAGRAPH (1) OF THIS
SUBSECTION MAY BE APPROPRIATED IN THE STATE BUDGET FOR
SALARIES AND RELATED EXPENSES IN THE DEPARTMENTS OF GENERAL
SERVICES AND NATURAL RESOURCES AND IN THE OFFICE OF PLANNING
NECESSARY TO ADMINISTER TITLE 5, SUBTITLE 9 OF THE NATURAL
RESOURCES ARTICLE (PROGRAM OPEN SPACE).

[(2) Subject to paragraph (4) of this subsection, the balance of the revenue
in the special fund, not required under paragraph (1) of this subsection, shall be
allocated as follows:

(i) $29,000,000 for the fiscal year commencing July 1, 1987, and
$32,000,000 for the fiscal year commencing July 1, 1988 and for subsequent fiscal years,
in the State budget,]

(C) (1) SUBJECT TO SUBSECTION (E) OF THIS SECTION, FOR FISCAL
YEARS COMMENCING BEFORE JULY 1, 1995 THE BALANCE OF THE
REVENUE IN THE SPECIAL FUND, NOT REQUIRED UNDER SUBSECTION
(B) OF THIS SECTION, SHALL BE ALLOCATED AS PROVIDED IN THIS
SUBSECTION.

(2) FOR THE FISCAL YEAR COMMENCING JULY 1, 1990:

(I) THE FOLLOWING AMOUNTS SHALL BE ALLOCATED IN
THE STATE BUDGET FOR THE FOLLOWING PURPOSES:

1. $32,000,000 for the purposes specified in Title 5, Subtitle 9
(Program Open Space) of the Natural Resources Article; [and

(ii) for the fiscal year commencing July 1, 1988 and for subsequent
fiscal years, not less than:

1.] 2. NOT LESS THAN $5,000,000 [in the State budget]

for the Agricultural Land Preservation Fund established under § 2-505 of the
Agriculture Article;

[2.] 3. NOT LESS THAN $1,000,000 [in the State budget]

for the Heritage Conservation Fund established under Subtitle 15 of Title 5 of the
Natural Resources Article; and

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