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Ch. 468 2002 LAWS OF MARYLAND
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(5) any moneys received and accepted as gifts, contributions, or grants
as authorized under subsection (i) of this section.
(f) The Fund does not include any moneys:
(1) received by the Department of Transportation, Maryland
Transportation Authority, or Maryland Public Broadcasting Commission;
(2) received by the Judicial or Legislative Branches of State government;
or
(3) generated from pay phone commissions that are credited to other
accounts or funds in accordance with other provisions of law or are authorized for
other purposes in the budget or through an approved budget amendment.
(g) (1) The State Treasurer shall hold and the State Comptroller shall
account for the Fund.
(2) The Fund shall be invested and reinvested in the same manner as
other State funds.
(3) Investment earnings shall accrue to the credit of the Fund.
(h) (1) The Fund is subject to a ceiling on the amount of moneys that may be
credited to the Fund for the fiscal year for which the budget is submitted.
(2) The Governor shall include in the annual State budget a proposed
ceiling for the Fund.
(3) The ceiling on the Fund is set as enacted in the annual State budget
bill.
(4) Any revenues earned in excess of the ceiling on the amount of moneys
that may be credited to the Fund in a fiscal year shall be credited to the General Fund
of the State.
(i) The Chief of Information Technology:
(1) shall administer the Fund in accordance with this section;
(2) subject to the provisions of §§ 2-201 and 3-405 of this article, may
receive and accept contributions, grants, or gifts of money or property; and
(3) shall be responsible for overseeing the implementation of projects
funded by moneys from the Fund.
(j) The Governor shall submit with the budget:
(1) a summary showing the unencumbered balance in the Fund as of the
close of the prior fiscal year and a listing of any encumbrances;
(2) an estimate of projected revenue from each of the sources specified in
subsection (e) of this section for the fiscal year for which the budget is submitted; and
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- 3754 -
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