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Session Laws, 1994
Volume 773, Page 1246   View pdf image
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Ch. 112                                    1994 LAWS OF MARYLAND

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.

(3)     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.                                                                    

(G) (1) IN THIS SUBSECTION, "GOVERNOR'S PROPOSED GENERAL FUND
APPROPRIATION" MEANS THE GENERAL FUND APPROPRIATION INCLUDED BY THE
GOVERNOR IN THE ANNUAL BUDGET BILL AS SUBMITTED TO THE GENERAL
ASSEMBLY, INCLUDING ANY PROPOSED SUPPLEMENTAL BUDGET, BEFORE ANY
AMENDMENT BY THE GENERAL ASSEMBLY.

(2) FOR EACH OF FISCAL YEARS 1996, 1997, AND 1998, THE GOVERNOR
SHALL INCLUDE IN THE ANNUAL BUDGET BILL A PROPOSED GENERAL FUND
APPROPRIATION TO THE FUND IN AN AMOUNT NOT LESS THAN $3,000,000.

(2) (3) FOR EACH OF FISCAL YEARS 1996, 1997, AND 1998, IN ADDITION
TO ANY APPROPRIATION FOR TOURISM ADVERTISING MARKETING FROM THE
MARYLAND TOURISM DEVELOPMENT BOARD FUND, THE GOVERNOR SHALL
INCLUDE IN THE ANNUAL BUDGET BILL SUBMITTED TO THE GENERAL ASSEMBLY A

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Session Laws, 1994
Volume 773, Page 1246   View pdf image
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