Ch. 2

2007 Laws of Maryland

Financing Fund established under Title 13, Subtitle 11 of the Financial Institutions
Article to be used for the purposes provided in that subtitle.

(2) (i) 1. Of the remaining funds not appropriated under
paragraph (1) of this subsection, one :

A. ONE half of the funds shall be used for recreation and
open space purposes by the Department and the Historic St. Mary's City Commission;
AND

B. 20% OF THE FUNDS OR $21.000.000, WHICHEVER
IS GREATER. SHALL BE APPROPRIATED TO THE FOREST AND PARK SERVICE IN
THE DEPARTMENT TO OPERATE STATE FORESTS AND PARKS.

2. Except as otherwise provided in this section, any
funds the General Assembly appropriates to the State under this subsection shall be
used only for land acquisition projects.

(ii) At least $1,500,000 of the State's share of funds available
under SUBPARAGRAPH (I)1A OF THIS PARAGRAPH FOR this program shall be
utilized to make grants to Baltimore City for projects which meet park purposes. The
grants shall be in addition to any funds Baltimore City is eligible to receive under
subsection (b) of this section, and may be used for acquisition or development. In order
for Baltimore City to be eligible for a State grant, the Department shall review
projects or land to be acquired within Baltimore City, and upon the Department's
recommendation, the Board of Public Works may approve projects and land including
the cost. Title to the land shall be in the name of the Mayor and City Council of
Baltimore City. The State is not responsible for costs involved in the development or
maintenance of the land.

(iii) 1. A portion of the State's share of funds available under
SUBPARAGRAPH (I)1A OF THIS PARAGRAPH FOR this Program not to exceed the
amounts specified below $8.000,000 FOR EACH FISCAL YEAR may be transferred by
an appropriation in the State budget to the Rural Legacy Program under Subtitle 9A
of this title:

A.       In fiscal year 1998, $4 million;

B.       In fiscal year 1999, $5 million;

C.       In fiscal year 2000, $6 million;

D.       In fiscal year 2001, $7 million; and

- 16 -