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Ch. 187
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2006 LAWS OF MARYLAND
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(2) THE FUND IS A CONTINUING, NONLAPSING FUND THAT IS NOT
SUBJECT TO § 7-302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.
(3) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY, AND
THE COMPTROLLER SHALL ACCOUNT FOR THE FUND.
(4) THE FUND SHALL BE INVESTED AND REINVESTED IN THE SAME
MANNER AS OTHER STATE FUNDS.
(5) ANY INVESTMENT EARNINGS OF THE FUND SHALL BE PAID INTO
THE FUND.
(C) THE FUND CONSISTS OF:
(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; AND
(2) ANY OTHER MONEY FROM ANY OTHER SOURCE ACCEPTED FOR THE
BENEFIT OF THE FUND.
(D) TO APPLY FOR A GRANT, AN APPLICANT SHALL SUBMIT TO THE
COMMITTEE AN APPLICATION EST THE FORM THAT THE COMMITTEE REQUIRES.
(E) ON A RECOMMENDATION FROM THE COMMITTEE, THE BOARD OF PUBLIC
WORKS SHALL APPROVE EXPENDITURES FROM THE FUND IN THE FORM OF GRANTS
TO PRESERVE HISTORIC BARNS AND AGRICULTURAL STRUCTURES.
(F) IN RECOMMENDING GRANTS UNDER THIS SUBTITLE, THE COMMITTEE
SHALL CONSIDER:
(1) ANY HISTORIC BUILDING FEATURES;
(2) IMPORTANT EXAMPLES OF HISTORIC AGRICULTURAL BUILDING
TYPES;
(3) THE PRODUCTIVE LONG-TERM USE OF THE PROPERTY;
(4) IMPORTANT LOCAL LANDMARKS;
(5) STRUCTURES THAT ARE LOCATED ON DESIGNATED SCENIC AND
CULTURAL BYWAYS; AND
(6) STRUCTURES THAT ACCEPT A PRESERVATION EASEMENT.
(G) ON OR BEFORE DECEMBER 31 OF EACH YEAR, THE COMMITTEE SHALL
REPORT TO THE GOVERNOR AND, IN ACCORDANCE WITH § 2-1246 OF THE STATE
GOVERNMENT ARTICLE, TO THE GENERAL ASSEMBLY ON THE FINANCIAL STATUS
AND THE ACTIVITIES OF THE FUND FOR THE PRECEDING FISCAL YEAR
5A-404.
THE DEPARTMENT OF PLANNING SHALL ADOPT ANY REGULATIONS NECESSARY
TO IMPLEMENT THIS SUBTITLE.
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- 900 -
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