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Session Laws, 2004
Volume 801, Page 2607   View pdf image
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ROBERT L. EHRLICH, JR., Governor

Ch. 550

(3) ANY INVESTMENT EARNINGS OF THE FUND.

[(c)] (G) The Department shall use the [Woodland Incentives] Fund to help
fund the Woodland Incentives Program and the cost-share assistance [provided for
in] ESTABLISHED UNDER this subtitle.

[(d) Any unexpended funds remaining in the Woodland Incentives Fund at the
end of the fiscal year may not revert to the General Fund of the State.]

(H) (1) THE TREASURER SHALL INVEST THE MONEY OF THE FUND IN THE
SAME MANNER AS OTHER STATE MONEY MAY BE INVESTED.

(2) ANY INVESTMENT EARNINGS OF THE FUND MAY NOT BE
TRANSFERRED OR REVERT TO THE GENERAL FUND OF THE STATE, BUT SHALL
REMAIN IN THE FUND SHALL BE CREDITED TO THE GENERAL FUND OF THE STATE.

(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE
WITH THE STATE BUDGET.

(J) ANY UNSPENT PORTIONS OF THE FUND AT THE END OF A FISCAL YEAR
SHALL REVERT TO THE GENERAL FUND OF THE STATE.

5-908.

(A)     IN THIS SECTION, "FUND" MEANS THE FAIR HILL IMPROVEMENT FUND.

(B)     There is a Fair Hill Improvement Fund in the Department, to be used for
the operation, maintenance, development, and improvement of the Fair Hill facilities
at Fair Hill, Maryland.

(C)     Any money obtained by the Department from Fair Hill shall be credited to
the [Fair Hill Improvement] Fund.

(D)     (1) THE FUND IS A SPECIAL, NONLAPSING FUND THAT IS NOT SUBJECT
TO § 7-302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.

(2) ANY INVESTMENT EARNINGS OF THE FUND MAY NOT BE
TRANSFERRED OR REVERT TO THE GENERAL FUND OF THE STATE, BUT SHALL
REMAIN IN THE FUND.

5-908.1.

(A)     IN THIS SECTION, "FUND" MEANS THE SOMERS COVE MARINA
IMPROVEMENT FUND.

(B)     There is a Somers Cove Marina Improvement Fund in the Department, to
be used for the operation, maintenance, development, and improvement of the Somers
Cove Marina facilities in Crisfield, Maryland.

(C)     Any money obtained by the Department from Somers Cove Marina shall
be credited to the [Somers Cove Marina Improvement] Fund.

(D)     (1) THE FUND IS A SPECIAL, NONLAPSING FUND THAT IS NOT SUBJECT
TO § 7-302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.

- 2607 -

 

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Session Laws, 2004
Volume 801, Page 2607   View pdf image
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