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Ch. 239 2007 Laws of Maryland
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(V) Money appropriated in the State budget to the Fund; and
[(v)] (VI) Any other money from any other source accepted for
the benefit of the Fund.
(3) The Secretary shall administer the Fund.
(4) The Treasurer shall hold the Fund separately and the Comptroller
shall account for the Fund.
(5) At the end of each fiscal year, any unspent or unencumbered
balance in the Fund THAT EXCEEDS $2,000,000 shall revert to the General Fund of
the State in accordance with § 7-302 of the State Finance and Procurement Article.
(6) In accordance with the State budget, the Fund shall be used only:
(i) To provide grants to the counties to be used by the counties
to develop and implement local recycling plans;
(ii) To provide grants to counties that have addressed methods
for the separate collection and recycling of [computers] COVERED ELECTRONIC
DEVICES in accordance with § 9-1703(c)(1) of this subtitle;
(iii) To provide grants to municipalities to be used by the
municipalities to implement local [computer] COVERED ELECTRONIC DEVICE
recycling programs; and
(iv) To carry out the purposes of the Office of Recycling under
this subtitle.
(7) (i) The Treasurer shall invest the money in the Fund in the
same manner as other State money may be invested.
(ii) Any investment earnings of the Fund shall be credited to the
General Fund of the State.
Part IV. Statewide [Computer] ELECTRONICS Recycling [Pilot] Program.
9-1727.
(a) This section applies to a manufacturer that manufactured an average of
more than 1,000 [computers] COVERED ELECTRONIC DEVICES per year in the
immediately preceding 3-year period.
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