§ 2-505. Maryland Agricultural Land Preservation Fund
West's Annotated Code of MarylandAgricultureEffective: June 1, 2022
Effective: June 1, 2022
MD Code, Agriculture, § 2-505
§ 2-505. Maryland Agricultural Land Preservation Fund
(a) The Maryland Agricultural Land Preservation Fund is created and continued for the purposes specified in this subtitle.
(b) The Maryland Agricultural Land Preservation Fund shall comprise:
(c)(1) The Comptroller of the Treasury may not disburse any money from the Maryland Agricultural Land Preservation Fund other than:
(5)(i) Subject to the prior approval of the board of trustees of the Maryland Agricultural Land Preservation Foundation and in accordance with regulations adopted by the Department, the Maryland Agricultural Land Preservation Foundation may reimburse money paid into the Maryland Agricultural Land Preservation Fund by a landowner for a lot that had been preliminarily released under § 2-513(b)(2) of this subtitle for the purpose of constructing a dwelling house for a landowner or the child of the landowner.
(ii) In the sole discretion of the Maryland Agricultural Land Preservation Foundation, the person for whom the lot was preliminarily released, the person who originally paid for the preliminary release, or another appropriate person may be reimbursed the amount paid to the Fund under § 2-513(b)(2)(iii) of this subtitle if:
(d) Any money remaining in the Fund at the end of a fiscal year may not revert to the general funds of the State, but shall remain in the Maryland Agricultural Land Preservation Fund to be used for the purposes specified in this subtitle. It is the intent of the General Assembly that, to the extent feasible, the Foundation utilize the full amount of money available for the purchase of easements in any fiscal year so as to minimize the amount of money remaining in the Fund at the end of any fiscal year.
(e) If a portion of a local subdivision's allocation of Program Open Space funds is transferred to the Maryland Agricultural Land Preservation Fund pursuant to the provisions of § 5-903 of the Natural Resources Article, the Foundation may utilize such transferred funds only for purchases of easements on land located within the boundaries of the subdivision which requested the transfer of funds. Such transferred open space funds shall be available in addition to any funds which would otherwise be allotted under this subtitle for purchases of easements in the county which requested the transfer of funds; and at the discretion of the local governing body, such transferred open space funds may be used for general purchases, or applied as the local contribution in matching purchases as required in §§ 2-508(a)(5) and 2-512(b)(1) of this subtitle.
(f) Money in the Fund from the sale of tax-exempt general obligation bonds may not be used:
(g) The estimated budget of the Foundation for the next fiscal year shall be included with the budget of the Department.
(h) The Fund is subject to audit by the Legislative Auditor as provided in § 2-1220 of the State Government Article.
Credits
Added by Acts 1974, c. 642, § 1. Amended by Acts 1977, c. 883; Acts 1989, c. 744; Acts 1994, c. 3, § 1, eff. Feb. 28, 1994; Acts 2004, c. 189, § 1, eff. Oct. 1, 2004; Acts 2005, c. 25, § 12, eff. April 12, 2005; Acts 2006, c. 289, § 1, eff. June 1, 2006; Acts 2007, c. 448, § 1, eff. Oct. 1, 2007; Acts 2011, c. 581, § 1, eff. Oct. 1, 2011; Acts 2013, c. 108, § 1, eff. July 1, 2013; Acts 2014, c. 287, § 1, eff. July 1, 2014; Acts 2015, c. 22, § 5; Acts 2016, c. 49, § 1, eff. July 1, 2016; Acts 2022, c. 39, § 1, eff. June 1, 2022.
MD Code, Agriculture, § 2-505, MD AGRIC § 2-505
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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