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2007 Laws of Maryland
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Ch. 217
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(d) The Department shall administer the Fund.
(e) (1) The Fund is a special, nonlapsing fund that is not subject to §
7-302 of the State Finance and Procurement Article.
(2) The Treasurer shall hold the Fund separately and the Comptroller
shall account for the Fund.
(f) The Fund consists of:
(1) Any money received under this title for:
(i) Commercial licenses and permits;
(ii) Service fees, taxes, and royalties paid to the State for oyster
shells and clam shells removed from the bottom beneath the tidal waters of the State;
(iii) The sale of seed oysters under § 4-1103 of this title; and
(iv) Any fine or forfeiture collected under § 4-1202 of this title;
(2) Any investment earnings of the Fund; [and]
(3) Money received from any other source; AND
(4) MONEY APPROPRIATED FROM THE GENERAL FUND OF THE
STATE IN ACCORDANCE WITH SUBSECTION (J) OF THIS SECTION.
(g) Subject to §§ 4-701(o), 4-1020, 4-1028, and 4-1035 of this title, the Fund
may be used for:
(1) Replenishing fisheries resources and related research;
(2) Matching federal funds available for research and development of
fisheries resources; and
(3) Administrative costs calculated in accordance with § 1-103(b)(2) of
this article.
(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.
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- 1578 -
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