PARRIS N. GLENDENING, Governor                             Ch. 601

(E) THROUGH THE RESOURCES OF THE MEMBERS OF THE AUTHORITY AND
IN COOPERATION WITH OTHER STATE AGENCIES, THE AUTHORITY SHALL PROVIDE
TECHNICAL ASSISTANCE TO MANAGEMENT ENTITIES IMPLEMENTING A
MANAGEMENT PLAN.

13-1116. 13-1114.

(A)    THERE IS A MARYLAND HERITAGE AREAS AUTHORITY FINANCING FUND.

(B)     (1) THE AUTHORITY SHALL USE THE FUND AS A CONTINUING,
NONLAPSING, REVOLVING FUND FOR CARRYING OUT THE PURPOSES OF THIS
SUBTITLE.

(2) NO PART OF THE FUND MAY REVERT OR BE CREDITED TO THE
GENERAL FUND OR TO ANY OTHER SPECIAL FUND OF THE STATE.

(C)     THE AUTHORITY SHALL PLACE ALL OF THE FOLLOWING RECEIPTS IN THE
FUND:

(1)     PROCEEDS FROM THE SALE OF BONDS;

(2)     REVENUES THAT THE AUTHORITY COLLECTS OR RECEIVES FROM
ANY SOURCE UNDER THIS SUBTITLE; AND

(3)     ANY ADDITIONAL REVENUE, GIFT, DONATION, OR MONEYS
RECEIVED OR PAID TO IT FROM ANY OTHER SOURCE AUTHORIZED BY LAW.

(D)    THE AUTHORITY SHALL PAY ALL EXPENSES AND MAKE ALL
EXPENDITURES FROM THE FUND.

(E)     (1) THE AUTHORITY MAY PLEDGE AND CHARGE ALL OR A PORTION OF
THE RECEIPTS OF THE FUND FOR THE PAYMENT OF:

(I)      DEBT SERVICE ON BONDS OF THE AUTHORITY; AND

(II)     ALL REASONABLE CHARGES AND EXPENSES RELATED TO
BORROWING BY THE AUTHORITY AND MANAGEMENT OF THE OBLIGATIONS OF THE
AUTHORITY.

(2) A PLEDGE MADE UNDER PARAGRAPH (1) OF THIS SUBSECTION IS
EFFECTIVE AS PROVIDED IN § 13-1121 13-1119 OF THIS SUBTITLE AND ANY
APPLICABLE RESOLUTION OF THE AUTHORITY.

(F)     THE STATE TREASURER SHALL:

(1)     INVEST AND REINVEST THE FUND IN THE SAME MANNER AS STATE
FUNDS; AND

(2)     TRANSFER ANY INVESTMENT EARNINGS TO THE CREDIT OF THE
FUND.

(G)    (1) IN THIS SUBSECTION, "PROGRAM OPEN SPACE FUNDS TRANSFERRED TO
THE AUTHORITY" MEANS THE MONEYS APPROPRIATED TO THE FUND FROM PROGRAM
OPEN SPACE FUNDS UNDER § 5-903(A) OF THE NATURAL RESOURCES ARTICLE.

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