§ 5-221. Park System Capital Improvements and Acquisition Fund
West's Annotated Code of MarylandNatural ResourcesEffective: June 1, 2022
Effective: June 1, 2022
MD Code, Natural Resources, § 5-221
§ 5-221. Park System Capital Improvements and Acquisition Fund
(a) In this section, “Fund” means the Park System Capital Improvements and Acquisition Fund.
(c) The purpose of the Fund is to provide funding for:
(e)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(f) The Fund consists of:
(g) The Fund may be used only for:
(h)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(j) Money expended from the Fund for capital improvements in the State's parks is supplemental to and is not intended to take the place of funding that otherwise would be appropriated for capital improvements in the State's parks and the acquisition of land by the Department that will be managed for public purposes.
(k) For fiscal year 2024 only, the Governor shall include in the annual budget bill a General Fund appropriation in the amount of $36,873,928 to the Fund.
(l) The first $70,000,000 received by the Fund may be used only as follows:
(m) Funding for historic preservation under subsection (l) of this section shall be used to provide grants to, participate in cooperative agreements with, or use other financial instruments to fund the rehabilitation of State-owned historic resources in the Maryland State Park System performed by a nongovernmental organization capable of:
(n) If the Fund receives more than $70,000,000, the Department may use up to $10,000,000 for any of the purposes identified under subsection (l) of this section, including:
Credits
Added by Acts 2022, c. 39, § 1, eff. June 1, 2022.
MD Code, Natural Resources, § 5-221, MD NAT RES § 5-221
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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