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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
Currentness
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

Added by Acts 1998, c. 416, § 1, eff. Oct. 1, 1998. Amended by Acts 1999, c. 34, § 1, eff. April 13, 1999; 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.
MD Code, Agriculture, § 2-708.2, MD AGRIC § 2-708.2
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.
End of Document