Ch.. 311                                    LAWS OF MARYLAND

(f) By January 1 of each year, the Trust shall investigate
and evaluate all applications received by the Trust for
assistance from the Capital Grant Fund for the following fiscal
year and submit a report to the Governor and the General Assembly
including a list of the eligible applications ranked in order of
statewide priority as determined by Trust evaluation.

[5-304.] 5-614.

(a)  In this section, "Fund" means the Historic Marker
Program Fund.

(b)  There is a Historic Marker Program Fund for the purpose
of producing and installing historic markers at sites of
statewide historical significance.

(c)  The Trust shall administer the Fund.

(d)  (1) The Trust may expend money from the Fund to produce
and install historic markers at sites determined by the Trust to
possess statewide historical significance:

(i) If the site is on State-owned land; or

(ii) If the site is on nonstate-owned land and
one-half of the cost of producing and installing the historic
marker is provided from nonstate sources.

(2) Historic markers produced and installed under
this section shall be property of the State;

(e)  (1) The Trust shall approve:

(i) The form and text of historic markers
established under this section; and

(ii) Except as provided in paragraph (2) of
this subsection, the location of historic markers established
under this section.

(2) The unit of State or local government responsible

for operation and maintenance of public highway and street

rights-of-way shall approve the location and manner of

installation of historic markers on public highway and street
rights-of-way.

(f)  The Fund shall consist of:

(1)  Funds authorized in the State budget;.

(2)  Funds recovered by the State for the replacement
of damaged or destroyed historic markers; and

- 1786 -