§ 9-20A-07. Jane E. Lawton Conservation Fund
West's Annotated Code of MarylandState GovernmentEffective: July 1, 2014
Effective: July 1, 2014
MD Code, State Government, § 9-20A-07
§ 9-20A-07. Jane E. Lawton Conservation Fund
(c)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(d) The Fund consists of:
(e) The Fund may be used only:
(f)(1) The State Treasurer shall invest and reinvest the money of the Fund in the same manner as other State money may be invested.
(g)(1) The Administration shall annually reserve for at least 90 days a portion of the money from the Fund that is available for financial assistance under the Program for loans to nonprofit organizations.
(2) In a fiscal year in which requests for financial assistance from nonprofit organizations are less than the amount of money reserved under paragraph (1) of this subsection for the period determined by the Administration, the Administration may make the unencumbered or noncommitted portion of the reserve available to other borrowers in the Program.
Credits
Added by Acts 2008, c. 466, § 2, eff. July 1, 2008; Acts 2008, c. 467, § 2, eff. July 1, 2008. Amended by Acts 2009, c. 169, § 1, eff. July 1, 2009; Acts 2014, c. 348, § 1, eff. July 1, 2014; Acts 2014, c. 349, § 1, eff. July 1, 2014.
MD Code, State Government, § 9-20A-07, MD STATE GOVT § 9-20A-07
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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