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Ch. 440 2002 LAWS OF MARYLAND
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(2) Until the outstanding debt authorized under the Outdoor Recreation
Land Loan of 1969 has been reduced to zero, at least $1,000,000 shall be allocated in
the State budget for reduction of State debt authorized under that loan.
(3) The balance in excess of the amounts allocated in paragraph (2) of
this subsection] and not allocated to the General Fund under [subsection (c)]
SUBSECTION (C)(1) of this section shall be allocated in the State budget as follows:
[(i) 83.5% for the purposes specified in Title 5, Subtitle 9 of the
Natural Resources Article (Program Open Space), of which up to $1,000,000 may be
transferred by an appropriation in the State budget, or by an amendment to the State
budget under Title 7, Subtitle 2 of the State Finance and Procurement Article, to the
Maryland Heritage Areas Authority Financing Fund, as authorized by § 5-903 of the
Natural Resources Article;
(ii) 14.5% for the Agricultural Land Preservation Fund established
under § 2-505 of the Agriculture Article; and
(iii) 2% for the Heritage Conservation Fund established under Title
5, Subtitle 15 of the Natural Resources Article.]
(1) (I) 75.15% FOR THE PURPOSES SPECIFIED IN TITLE 5, SUBTITLE 9
OF THE NATURAL RESOURCES ARTICLE (PROGRAM OPEN SPACE); AND
(II) AN ADDITIONAL 1% FOR PROGRAM OPEN SPACE, FOR LAND
ACQUISITION PURPOSES AS SPECIFIED IN § 5-903(A)(2) OF THE NATURAL RESOURCES
ARTICLE;
(2) 17.05% FOR THE AGRICULTURAL LAND PRESERVATION FUND
ESTABLISHED UNDER § 2-505 OF THE AGRICULTURE ARTICLE;
(3) 5% FOR THE RURAL LEGACY PROGRAM ESTABLISHED UNDER §
5-9A-01 OF THE NATURAL RESOURCES ARTICLE; AND
(4) 1.8% FOR THE HERITAGE CONSERVATION FUND ESTABLISHED
UNDER § 5-1501 OF THE NATURAL RESOURCES ARTICLE.
(e) The sums allocated in [subsections (c)(5) and (d)] SUBSECTION (D) of this
section may not revert to the General Fund of the State.
(f) (1) For any fiscal year in which the actual transfer tax revenue
collections are greater than the revenue estimates used as the basis for the
appropriations required under this section for the fiscal year, the amount of the
excess shall be allocated to the special fund under subsection (a) of this section as
provided under subsections (c) and (d) of this section for the second fiscal year
following the fiscal year in which there is an excess.
(2) For any fiscal year in which the actual transfer tax revenue
collections are less than the revenue estimates used as the basis for the
appropriations required under this section, the amount of the deficiency shall be
reconciled as follows:
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- 3572 -
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