ROBERT L. EHRLICH, JR., Governor

Ch. 428

(3)      THE COMPTROLLER:

(I) SHALL ADMINISTER THE RESTORATION FEE; AND

(II) MAY ADOPT REGULATIONS NECESSARY TO ADMINISTER,
COLLECT, AND ENFORCE THE RESTORATION FEE.

(4)      (I) FROM THE RESTORATION FEE REVENUE, THE COMPTROLLER
SHALL DISTRIBUTE TO AN ADMINISTRATIVE COST ACCOUNT THE AMOUNT THAT IS
NECESSARY TO ADMINISTER THE FEE, WHICH MAY NOT EXCEED 0.5% OF THE FEES
COLLECTED BY THE COMPTROLLER

(II) AFTER MAKING THE DISTRIBUTION REQUIRED UNDER
SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE COMPTROLLER SHALL DEPOSIT THE
RESTORATION FEE IN THE BAY RESTORATION FUND.

(5)      THE STATE CENTRAL COLLECTION UNIT MAY COLLECT DELINQUENT
ACCOUNTS UNDER THIS SECTION IN ACCORDANCE WITH § 3-302 OF THE STATE
FINANCE AND PROCUREMENT ARTICLE.

(B) (F) (1) (I) THE WATERSHED BAY RESTORATION FUND IS A SPECIAL,
CONTINUING, NONLAPSING FUND THAT IS NOT SUBJECT TO § 7-302 OF THE STATE
FINANCE AND PROCUREMENT ARTICLE AND SHALL BE AVAILABLE IN PERPETUITY
FOR THE PURPOSE OF PROVIDING FINANCIAL ASSISTANCE IN ACCORDANCE WITH
THE PROVISIONS OF THIS SECTION.

(II) MONEY IN THE FUND MAY NOT REVERT OR BE TRANSFERRED
TO THE GENERAL FUND OF THE STATE.

(2)      THE WATERSHED BAY RESTORATION FUND SHALL BE AVAILABLE
FOR THE PURPOSE OF PROVIDING FINANCIAL ASSISTANCE IN ACCORDANCE WITH
THE PROVISIONS OF THIS SUBTITLE, SECTION FOR:

(I)      ELIGIBLE COSTS OF PROJECTS RELATING TO PLANNING,
DESIGN, CONSTRUCTION, AND UPGRADES OF WASTEWATER FACILITIES TO ACHIEVE
ENHANCED NUTRIENT REMOVAL AS REQUIRED BY THE CONDITIONS OF A GRANT
AGREEMENT AND A DISCHARGE PERMIT; AND

(II)     ALL PROJECTS IDENTIFIED IN SUBSECTION SUBSECTIONS (H)
AND (I) OF THIS SECTION.

(3)      SUBJECT TO THE PROVISIONS OF ANY APPLICABLE BOND
RESOLUTION REGARDING THE HOLDING OR APPLICATION OF AMOUNTS IN THE
WATERSHED BAY RESTORATION FUND, THE TREASURER SHALL SEPARATELY HOLD,
AND THE COMPTROLLER SHALL ACCOUNT FOR, THE WATERSHED BAY RESTORATION
FUND.

(4)      SUBJECT TO THE PROVISIONS OF ANY APPLICABLE BOND
RESOLUTION GOVERNING THE INVESTMENT OF AMOUNTS IN THE WATERSHED BAY
RESTORATION FUND, THE WATERSHED BAY RESTORATION FUND SHALL BE
INVESTED AND REINVESTED IN THE SAME MANNER AS OTHER STATE FUNDS.

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