|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PARRIS N. GLENDENING, Governor
|
|
|
|
|
|
Ch. 264
|
|
|
|
|
|
|
|
|
|
|
|
|
|
accordance with the provisions of this subtitle and such rules or program directives as
the Secretary or the Board may from time to times prescribe.
(2) The Water Quality Fund is a special, continuing, nonlapsing fund
which is not subject to § 7-302 of the State Finance and Procurement Article and
which shall be available in perpetuity for the purpose of providing financial
assistance in accordance with the provisions of this subtitle and Title VI of the
Federal Water Pollution Control Act.
(3) Subject to the provisions of any applicable bond resolution regarding
the holding or application of amounts in the Water Quality Fund, the Treasurer shall
separately hold, and the Comptroller shall account for, the Water Quality Fund.
(4) (i) Except as provided in subparagraph (ii) of this paragraph, and
subject to the provisions of any applicable bond resolution governing the investment
of amounts in the Water Quality Fund, the Water Quality Fund shall be invested and
reinvested in the same manner as other State funds.
(ii) The Administration, in cooperation with the Treasurer, may
establish a linked deposit program to carry out the purposes of this subtitle and Title
VI of the Federal Water Pollution Control Act.
(5) [Any] SUBJECT TO PARAGRAPH (6) OF THIS SUBSECTION, ANY
investment earnings shall be retained to the credit of the Water Quality Fund.
(6) THE BOARD OF PUBLIC WORKS MAY APPROVE PAYMENT OF MONEYS
TO MATCH LOCAL FUNDING OF PROPERTY ACQUISITION BY LOCAL LAND
PRESERVATION PROGRAMS FROM THE INVESTMENT EARNINGS OF THE WATER
QUALITY FUND IN ACCORDANCE WITH § 5-9B-05 OF THE NATURAL RESOURCES
ARTICLE.
(7) The Water Quality Fund shall be subject to biennial audit by the
Office of Legislative Audits as provided for in § 2-1220 of the State Government
Article.
(b) There shall be deposited in the Water Quality Fund:
(1) Federal capitalization grants and awards or other federal assistance
received by the State pursuant to Title VI of the Federal Water Pollution Control Act
and any funds transferred to the Water Quality Fund pursuant to § 302 of the federal
Safe Drinking Water Act;
(2) Funds appropriated by the General Assembly for deposit to the Water
Quality Fund;
(3) Payments received from any borrower in repayment of a loan,
including amounts withheld by the State Comptroller and paid to the Administration
pursuant to a pledge made by a borrower under § 9-1606(d) of this article or § 7-222
of the State Finance and Procurement Article;
(4) Not proceeds of bonds issued by the Administration;
|
|
|
|
|
|
|
|
|
|
- 2055 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
