§ 1-703. Distributions

   (a) Promotional account. --

   (1) The Secretary may distribute not more than 5% of the net proceeds of the Fund to a promotional account to be used to promote further donations to the Fund.

   (2) Moneys in the Fund may be used for administrative costs calculated in accordance with § 1-103(b)(2) of this title.

(b) Remainder of funds. -- After making the distributions allowed under subsection (a) of this section, the Secretary shall distribute the remainder of the net proceeds of the Fund as follows:

   (1) 50% to the Chesapeake Bay Trust established under § 8-1902 of this article, to be used by the Trust only as provided in § 1-704 of this subtitle; and

   (2) 50% to an endangered species account, to be used only to conserve nongame, threatened and endangered species as provided in § 1-705 of this subtitle.

HISTORY: 1988, ch. 583; 2004, ch. 472; 2010, ch. 72, § 5.