S.B. 618                                                  VETOES

(c) The Secretary shall award financial assistance to a sponsor or a sponsor's
designee in an amount and type determined by the Board and pursuant to the terms
of a community legacy agreement.

4-811.

(a)     There is a Community Legacy Financial Assistance Fund established for
the purposes specified in this subtitle.

(b)     (1) The Fund is a continuing, nonlapsing fund, which is not subject to §
7-302 of the State Finance and Procurement Article.

(2)     The Treasurer shall separately hold and the Comptroller shall
account for the Fund.

(3)     Notwithstanding any other provision of law, the Treasurer may
invest moneys in the Fund in a manner consistent with the investment of moneys by
the State Retirement and Pension System.

(4)     Any investment earnings of the Fund shall be paid into the Fund.

(c)      The Secretary shall administer the Fund in accordance with the
recommendations of the Board.

(d)     The Fund consists of:

(1)     Moneys appropriated in the State budget to the Fund;

(2)     Earnings from the investment of moneys in the Fund;

(3)     Repayments and prepayments of financial assistance provided by the
Program; and

(4)     Any other moneys accepted for the benefit of the Fund from any
governmental or private source.

4-812.

(A) (1) THERE IS A NEIGHBORHOOD INTERVENTION FUND ESTABLISHED
WITHIN THE COMMUNITY LEGACY FINANCIAL ASSISTANCE FUND.

(2) EXCEPT AS PROVIDED IN THIS SECTION, THE PROVISIONS OF § 4-811
OF THIS SUBTITLE SHALL APPLY TO THE NEIGHBORHOOD INTERVENTION FUND.

(B) THE NEIGHBORHOOD INTERVENTION FUND CONSISTS OF:

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

(2) EARNINGS FROM THE INVESTMENT OF MONEYS IN THE
NEIGHBORHOOD INTERVENTION FUND;

(3) REPAYMENTS AND PREPAYMENTS OF FINANCIAL ASSISTANCE
PROVIDED BY THE PROGRAM FOR NEIGHBORHOOD INTERVENTION PROJECTS;

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