§ 4-215. Maryland Tourism Development Board Fund

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2008

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division I. Secretary of Commerce and Department of Commerce [Titles 1-8] (Refs & Annos)
Title 4. Tourism, Film, and the Arts (Refs & Annos)
Subtitle 2. Maryland Tourism Development Board (Refs & Annos)
Effective: October 1, 2008
MD Code, Economic Development, § 4-215
§ 4-215. Maryland Tourism Development Board Fund
Currentness
Established
(a) There is a Maryland Tourism Development Board Fund in the Department.
Purpose
(b) The purpose of the Fund is to finance programs relating to the planning, advertising, promotion, assistance, and development of the tourism industry in the State.
Special fund
(c) The Fund is a special, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.
Composition
(d) The Fund consists of:
(1) money appropriated in the State budget to the Fund; and
(2) money that the Board accepts under § 4-209 of this subtitle.
Expenditures
(e) Expenditures from the Fund may be made only by the Board in accordance with an appropriation.
Investment; earnings
(f)(1) The Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any investment earnings of the Fund shall be credited to the General Fund of the State.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008.
MD Code, Economic Development, § 4-215, MD ECON DEV § 4-215
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