§ 5-212. Forest or Park Reserve Fund
West's Annotated Code of MarylandNatural ResourcesEffective: July 1, 2017
Effective: July 1, 2017
MD Code, Natural Resources, § 5-212
§ 5-212. Forest or Park Reserve Fund
(c) The purpose of the Fund is to enable the Department to purchase and manage in the name of the State lands suitable for forest culture, reserves, watershed protection, State parks, scenic preserves, historic monuments, parkways, and State recreational reserves.
(e)(1) The Treasurer shall hold the Fund separately and the Comptroller shall account for the Fund.
(f) The Fund consists of:
(g)(1) Subject to paragraphs (3) and (4) of this subsection, the Fund may be used only for:
(3)(i) From revenues described in subsection (f) of this section that are attributable to Maryland Park Service operations, less any amount of those revenues allocated for administrative costs in accordance with paragraph (1)(iii) of this subsection, the Governor shall include in the State budget an appropriation for the Maryland Park Service equal to 100% of the remaining revenues, for fiscal year 2018.
(ii) From revenues described in subsection (f) of this section that are attributable to Maryland Park Service operations, less any amount of those revenues allocated for administrative costs in accordance with paragraph (1)(iii) of this subsection, and less any prior year closing fund balance, for fiscal year 2019 and each fiscal year thereafter, the Governor shall include in the State budget an appropriation for the Maryland Park Service in an amount equal to 100% of the revenues from the second preceding fiscal year.
(h)(1) The Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
Credits
Added by Acts 1973, 1st Sp. Sess., c. 4, § 1, eff. Jan. 1, 1974. Amended by Acts 1977, c. 784, § 5; Acts 1977, c. 788; Acts 1988, c. 175; Acts 2004, c. 472, § 1, eff. Oct. 1, 2004; Acts 2004, c. 550, § 1, eff. July 1, 2004; Acts 2005, c. 25, § 1, eff. April 12, 2005; Acts 2005, c. 213, § 1, eff. April 26, 2005; Acts 2009, c. 175, § 1, eff. Oct. 1, 2009; Acts 2011, c. 65, § 5, eff. April 12, 2011; Acts 2011, c. 397, § 1, eff. June 1, 2011; Acts 2014, c. 464, § 1, eff. June 1, 2014; Acts 2015, c. 389, § 1, eff. June 1, 2015; Acts 2015, c. 489, § 1, eff. June 1, 2015; Acts 2017, c. 23, § 1, eff. June 1, 2017; Acts 2017, c. 692, § 1, eff. July 1, 2017.
Formerly Art. 66C, § 357.
MD Code, Natural Resources, § 5-212, MD NAT RES § 5-212
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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