Unannotated Code of Maryland (Last Updated: May 16, 2014) |
NATURAL RESOURCES |
TITLE 3. ENVIRONMENTAL PROGRAMS |
SUBTITLE 2A. LAND TRUST GRANT FUND |
§ 3-2A-03. Funding
Latest version.
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(a) Receipts. -- All receipts designated for the Grant Fund shall be placed in the Grant Fund held by the Department and administered by the Trust, including:
(1) Moneys appropriated by the State to the Grant Fund;
(2) Premiums, fees, and payments on reimbursement of grants, where required;
(3) Income from investments that the State Treasurer, on instruction of the Department, makes for the Department under this subtitle; and
(4) Any other moneys made available to the Grant Fund.
(b) Unspent moneys. -- Any unspent moneys in the Grant Fund at the end of the fiscal year shall remain in the Grant Fund and may not revert to the General Fund of the State.