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Ch. 440 2005 LAWS OF MARYLAND
(k) (2) Except for an expenditure under subsection (e)(2)(v) and (vi) of this
section, grants and expenditures from the MHT Grant Fund are not subject to Titles
4 and 5 of [the State Finance and Procurement Article] THIS ARTICLE.
5A-329.
(a) In this section, "Fund" means the Historic Marker Program Fund.
(e) (1) The Fund is a continuing, nonlapsing special fund that is not subject
to § 7-302 of [the State Finance and Procurement Article] THIS ARTICLE.
[5A-330.
(a) In this section, "Fund" means the Lighthouse Preservation Special Fund.
(b) There is a Lighthouse Preservation Special Fund.
(c) With the advice of a lighthouse preservation advisor, the Trust may use the
Fund only:
(1) to preserve a lighthouse in the State that is publicly owned or owned
by a nonprofit entity;
(2) for education about or preservation or promotion of lighthouses in the
State; and
(3) to compensate staff employed by the Trust to administer the Fund.
(d) The Trust may employ staff to administer the Fund.
(e) (1) The Fund is a continuing, nonlapsing special fund that is not subject
to § 7-302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold and the Comptroller shall account for
the Fund.
(f) The Fund consists of:
(1) proceeds from items the Trust sells that relate to lighthouse
preservation;
(2) earnings from the investment of money in the Fund;
(3) money received as consideration for the disposition of a capital asset
purchased with money from the Fund, as provided in § 10-306(c)(2) of the State
Finance and Procurement Article; and
(4) money or grants accepted under subsection (h)(1) of this section.
(g) Money in the Fund shall be invested in the same manner as other State
money.
(h) The Trust may:
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