ROBERT L. EHRLICH, JR., Governor

S.B. 455

(III) UP TO $5,000,000 OF THE FUNDS DISTRIBUTED TO THE LOW
INTEREST REVOLVING LOAN ACCOUNT UNDER THIS PARAGRAPH MAY BE USED FOR
LOANS TO PROFESSIONAL FIRE DEPARTMENTS THAT DEMONSTRATE NEEDS
DIRECTLY RELATED TO HOMELAND SECURITY PURPOSES AS DEFINED UNDER
ARTICLE 41, § 4-501 OF THE CODE.

(2) AFTER THE REQUIREMENTS OF PARAGRAPH (1) OF THIS
SUBSECTION ARE MET, THE REMAINING MONEY IN THE FUND SHALL BE
DISTRIBUTED QUARTERLY TO BE USED ONLY FOR HOMELAND SECURITY PURPOSES
AS. FOLLOWS:

(I) 10% SHALL BE DISTRIBUTED TO THE DEPARTMENT; AND

(II) 1. SUBJECT TO SUB-SUBPARAGRAPH 2 OF THIS
SUBPARAGRAPH, THE REMAINDER SHALL BE DISTRIBUTED TO COUNTIES,
BALTIMORE CITY, AND MUNICIPAL CORPORATIONS IN THE SAME PROPORTION AS
GRANTS ARE DISTRIBUTED UNDER THE FORMULA FOR THE STATE AID FOR POLICE
PROTECTION FUND UNDER ARTICLE 88B, § 66 OF THE CODE IN THE PRECEDING
FISCAL YEAR ADJUSTED TO INCLUDE BALTIMORE CITY AS A SUBDIVISION FOR THE
PURPOSE OF CALCULATING THE STATE AID FOR POLICE PROTECTION.

2. BALTIMORE CITY MAY NOT RECEIVE A DISTRIBUTION
UNDER THIS SUBPARAGRAPH IN AN AMOUNT GREATER THAN THAT DISTRIBUTED TO
PRINCE GEORGE'S COUNTY UNDER THIS SUBPARAGRAPH.

(3) THE DISTRIBUTIONS TO COUNTIES, BALTIMORE CITY, AND
MUNICIPAL CORPORATIONS MAY BE USED TO SUPPLEMENT AND MAY NOT
SUPPLANT EXISTING LOCAL EXPENDITURES FOR THE SAME PURPOSE.

(H) (1) THE TREASURER SHALL INVEST THE MONEY OF THE FUND IN THE
SAME MANNER AS OTHER STATE MONEY MAY BE INVESTED.

(2) ANY INVESTMENT EARNINGS OF THE FUND SHALL BE CREDITED TO
THE GENERAL FUND OF THE STATE.

(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE
WITH THIS SECTION.

(J) THE DEPARTMENT SHALL ADOPT REGULATIONS TO:

(1) ADMINISTER THE FUND; AND

(2) IMPLEMENT THIS SECTION.

(K) (1) EACH RECIPIENT OF FUNDS UNDER SUBSECTION (G) OF THIS
SECTION:

(I) AFTER THE END OF EACH FISCAL YEAR SHALL FILE WITH THE
DEPARTMENT OF LEGISLATIVE SERVICES A REPORT ON THE AMOUNT RECEIVED
AND HOW THE MONEY WAS USED; AND

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