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§ 2-708.2. Maryland Horse Industry Fund

West's Annotated Code of MarylandAgricultureEffective: July 1, 2010

West's Annotated Code of Maryland
Agriculture
Title 2. Department of Agriculture (Refs & Annos)
Subtitle 7. Maryland Horse Industry Board (Refs & Annos)
Effective: July 1, 2010
MD Code, Agriculture, § 2-708.2
§ 2-708.2. Maryland Horse Industry Fund
Fund defined
(a) In this section, “Fund” means the Maryland Horse Industry Fund.
In general
(b) There is a Maryland Horse Industry Fund in the Department.
Nature of Fund
(c)(1) The Fund is a continuing, revolving special fund to be maintained by the State Treasurer.
(2) The State Treasurer shall hold and the State Comptroller shall account for the Fund.
Interest or investment earnings paid into Fund
(d) The Fund shall be invested and reinvested. Any interest or other investment earnings of the Fund shall be credited and paid into the Fund.
No reversion of balance to General Fund
(e) At the end of a fiscal year, any unspent or unencumbered balance in the Fund may not revert to the General Fund of the State.
Contents of Fund
(f) The Fund consists of:
(1) Money made available from an assessment on equine feed as required under § 6-107.2 of this article;
(2) Money made available to the Fund by general, federal, or special fund appropriations;
(3) Money made available to the Fund by gifts, grants or transfers from any government or unit or instrumentality of a government or from any private sector sources; and
(4) Money made available from licensing and inspection of horse stables as required under §§ 2-711, 2-712, and 2-713 of this subtitle.
Use of Fund
(g) The Board shall use the money in the Fund in accordance with the provisions of § 2-708 of this subtitle.
Restrictions on Fund use
(h) Except for the purposes in § 2-708.1 of this subtitle, the Board may not use any money in the Fund for any other purpose of the Board.

Credits

Acts 1998, c. 416, § 1, eff. Oct. 1, 1998; Acts 1999, c. 34, § 1, eff. April 13, 1999. Amended by Acts 2002, c. 223, § 1, eff. July 1, 2002; Acts 2009, c. 702, § 1, eff. Oct. 1, 2009; Acts 2010, c. 19, § 1, eff. July 1, 2010.

Editors' Notes

HISTORICAL AND STATUTORY NOTES
2002 Legislation
Acts 2002, c. 223, § 2, provides:
“SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 1, 2002. It shall remain effective for a period of 5 years and, at the end of June 30, 2007, with no further action required by the General Assembly, this Act shall be abrogated and of no further force and effect.”
2006 Legislation
Acts 2006, c. 170, § 1, amended Acts 2002, c. 223, § 2 to read:
“SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 1, 2002.”
MD Code, Agriculture, § 2-708.2, MD AGRIC § 2-708.2
Current through all legislation from the 2019 Regular Session of the General Assembly.
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