Ch. 111                                        1994 LAWS OF MARYLAND

WHEREAS, This level of funding would translate translates into a 3-fold increase
in the amount of funds available for tourism marketing purposes and, with such an
increase, the General Assembly not only expects the State to significantly gain in market
share but also wants to ensure that (1) the intended usage of such moneys is reviewed by
the Legislative Policy Committee; and (2) usage of the additional moneys will be
determined by the Department of Economic and Employment Development in
consultation with the Maryland Tourism Development Board; and

WHEREAS, Leading Maryland economists believe that tourism is and will remain
a significant component of Maryland's economy; and

WHEREAS, Investments in the State's infrastructure coupled with its natural and
scenic beauties make Maryland ideally suited for increased tourism benefits; now,
therefore,

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

Article 83A - Economic and Employment Development

4-1A-08,

(a)      There is a Maryland Tourism Development Board Fund:

(b)     The Fund is established to provide a continuing fund for the Board to fund
programs relating to the planning, advertising, promotion, assistance, and development of
the tourism industry in the State.

(c)      The Fund is a special, continuous, nonlapsing fund that is not subject to §
7-302 of the State Finance and Procurement Article.

(d) The Treasurer shall invest and reinvest the Fund in the same manner as other
State funds and credit any investment earnings to the General Fund.

(e)     The Fund consists of:

(1) THE SALES AND USE TAX REVENUE DISTRIBUTED TO THE FUND
UNDER § 2-1302.1 OF THE TAX—GENERAL ARTICLE; AND

(1) MONEYS APPROPRIATED IN THE STATE BUDGET TO THE FUND; AND

(2) [all] ALL funds accepted by the Board in accordance with § 4-1A-06 of
this subtitle.

(f)      (1) Expenditures from the Fund may be made only by the Board in
accordance with an appropriation.

(2) THE SALES AND USE TAX REVENUE DISTRIBUTED TO THE FUND

UNDER § 2-1302.1 OF THE TAX - GENERAL ARTICLE SHALL BE USED ONLY TO

PROVIDE ADDITIONAL FUNDING FOR ADVERTISING THE TOURISM BENEFITS OF
THE STATE.

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