HARRY HUGHES, Governor

2811

expenditure of certain moneys received as compensation for
wetlands licenses.

BY adding to

Article - Natural Resources

Section 9-204

Annotated Code of Maryland

(1983 Replacement Volume and 1984 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Natural Resources

9-204.

(A)  THE BOARD MAY REQUIRE AS A CONDITION TO ISSUANCE OF A
WETLANDS LICENSE THAT COMPENSATION BE MADE TO THE STATE, OF A
KIND AND IN AN AMOUNT DEEMED APPROPRIATE BY THE BOARD.

(B)  MONETARY COMPENSATION RECEIVED BY THE STATE IN
CONJUNCTION WITH A WETLANDS LICENSE SHALL NOT BE APPLIED TO THE
STATE ANNUITY BOND FUND ACCOUNT.

(C)  THERE IS HEREBY CREATED A SPECIAL FUND, KNOWN AS THE
WETLANDS COMPENSATION FUND. ANY MONETARY COMPENSATION PAID TO
THE STATE IN CONJUNCTION WITH A WETLANDS LICENSE SHALL BE
CREDITED TO THE WETLANDS COMPENSATION FUND.

(D)  FUNDS IN THE WETLANDS COMPENSATION FUND MAY BE
APPROPRIATED ONLY FOR ACQUISITION OF WETLAND AREAS BY THE STATE.

(E)  FUNDS APPROPRIATED IN THE BUDGET FOR WETLANDS
ACQUISITION UNDER THIS SECTION SHALL REMAIN AVAILABLE UNTIL
EXPENDED, AND SHALL NOT BE REVERTED UNDER ANY OTHER PROVISION OF
LAW.

SECTION 2. AND BE IT FURTHER ENACTED, That any funds on
deposit upon the effective date of this Act which have been
received by the State in the current or past fiscal years as
compensation in conjunction with State wetlands licenses and
which have not already been expended or obligated for expenditure
shall be credited and appropriated in accordance with this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1985.

Approved May 28, 1985.