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Ch. 96 2005 LAWS OF MARYLAND
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(2) THE STATE TREASURER SHALL HOLD THE FUND AND THE STATE
TREASURER SHALL ACCOUNT FOR IT.
(3) ANY INVESTMENT EARNINGS OF THE FUND SHALL BE CREDITED TO
THE FUND.
(D) THE FUND CONSISTS OF:
(1) MONEY APPROPRIATED TO THE STATE TO THE FUND;
(2) REPAYMENTS OF ANY DEFAULTED GRANT FROM THE FUND; AND
(3) ANY OTHER MONEY MADE AVAILABLE TO THE DEPARTMENT FOR
THE FUND.
5-1806.
THE SECRETARY MAY SHALL ADOPT REGULATIONS TO SPECIFY CRITERIA FOR
ELIGIBILITY FOR, AND PROCEDURES FOR APPLYING FOR, THE REBATE PROVIDED
UNDER THIS SUBTITLE.
5-1807.
(A) ON OR BEFORE DECEMBER 31 OF EACH YEAR, THE DEPARTMENT SHALL
REPORT TO THE GOVERNOR AND, SUBJECT TO § 2-1246 OF THE STATE GOVERNMENT
ARTICLE, TO THE GENERAL ASSEMBLY BY DECEMBER 31 OF EACH YEAR ON THE
REBATES PROVIDED FOR FILM PRODUCTION ACTIVITY IN THAT THE PRIOR FISCAL
YEAR.
(B) THE REPORT SHALL INCLUDE:
(1) THE NUMBER OF LOCAL TECHNICIANS, ACTORS. AND EXTRAS HIRED
FOR FILM PRODUCTION ACTIVITY DURING THE REPORTING PERIOD;
(2) A LIST OF COMPANIES DOING BUSINESS IN THE STATE THAT
PROVIDED GOODS OR SERVICES DIRECTLY FOR FILM PRODUCTION ACTIVITY,
INCLUDING HOTELS, DURING THE REPORTING PERIOD; AND
(3) ANY OTHER INFORMATION THAT INDICATES THE ECONOMIC
BENEFITS TO THE STATE AS A RESULT OF FILM PRODUCTION ACTIVITY DURING THE
REPORTING PERIOD.
SECTION 2. AND BE IT FURTHER ENACTED, That, on or before December
31, 2005, the Department of Business and Economic Development shall submit an
interim report to the Governor and, subject to § 2-1246 of the State Government
Article, to the General Assembly that includes the information required under Article
83A, § 5-1807 of the Code, as enacted by Section 1 of this Act, for the period beginning
July 1, 2005 through November 30, 2005.
SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 2005.
Approved April 26, 2005.
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- 832 -
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