Ch. 815                                       LAWS OF MARYLAND

under this subtitle, and §§ 1-105 and 1-106 of this article are
not applicable to decisions of the Service.

(j) (1) There is a service reserve fund.

(2)  The fund consists of appropriated special funds
that are:

(i) Obtained from a project or operation of the
Service AND NOT HELD IN OR CREDITED TO A PROJECT RESERVE FUND
CREATED PURSUANT TO SUBSECTION (K) OF THIS SECTION;

(ii) Not expended or obligated in the fiscal
year during which the funds are received; and

(iii) Not held by or payable to a trustee
appointed in accordance with a resolution that authorizes the
issuance of bonds or notes or under a trust agreement that
secures the bonds or notes.

(3)  These funds shall be paid to the State Treasurer.

(4)  The State Treasurer shall disburse the funds for
operations and projects of the Service in accordance with an
appropriation of the General Assembly.

(5)  On July 1 of each year, money in the fund in
excess of $100,000 shall be paid over to the General Fund of the
State.

(K) (1) THE SERVICE MAY CREATE AND ESTABLISH 1 OR MORE
PROJECT RESERVE FUNDS IN SUCH AMOUNTS AS THE BOARD OF DIRECTORS
OF THE SERVICE DEEMS APPROPRIATE AND MAY PAY INTO SUCH FUNDS:

(I)  ANY MONEYS APPROPRIATED AND MADE AVAILABLE
BY THE STATE FOR THE PURPOSES OF SUCH FUNDS;

(II)  ANY PROCEEDS FROM THE SALE OF BONDS OR
NOTES, TO THE EXTENT PROVIDED IN THE RESOLUTION AUTHORIZING THE
ISSUANCE OF THE BONDS OR NOTES;

(III)  REVENUES DERIVED FROM A PROJECT OF THE
SERVICE; AND

(IV)  ANY OTHER MONEYS WHICH MAY BE RECEIVED BY
OR OTHERWISE MADE AVAILABLE TO THE SERVICE FROM ANY OTHER SOURCE
OR SOURCES WHICH THE SERVICE HAS DESIGNATED FOR DEPOSIT INTO SUCH

FUNDS.

(2) MONEYS HELD IN OR CREDITED TO A PROJECT RESERVE
FUND ESTABLISHED UNDER THIS SUBSECTION SHALL BE USED SOLELY TO
ACCOMPLISH THE PURPOSES OF THIS SUBTITLE, AS DETERMINED BY THE
BOARD OF DIRECTORS OF THE SERVICE, MAY NOT BE INCLUDED IN THE

- 4422 -