§ 10-658. Supplemental Public School Construction Financing Fund
West's Annotated Code of MarylandEconomic DevelopmentEffective: July 1, 2023
West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 6. Maryland Stadium Authority (Refs & Annos)
Part VII. Funds (Refs & Annos)
Effective: July 1, 2023
MD Code, Economic Development, § 10-658
§ 10-658. Supplemental Public School Construction Financing Fund
(b)(1) The Supplemental Public School Construction Financing Fund is a continuing, nonlapsing fund that shall be available to implement this subtitle concerning public school facilities.
(3) In each fiscal year for which the provisions of § 4-126.1(d) of the Education Article remain applicable, the Authority shall deposit an amount equal to $27,000,000 each year from the Supplemental Public School Construction Financing Fund into the Prince George's County Public-Private Partnership Fund established under § 4-126.2 of the Education Article.
(c) To the extent considered appropriate by the Authority, the money on deposit in the Supplemental Public School Construction Financing Fund shall be pledged to and used to pay the following related to public school facilities:
(d) The Supplemental Public School Construction Financing Fund consists of:
(e)(1) The State Treasurer shall invest the money of the Supplemental Public School Construction Financing Fund in the same manner as other State funds.
Credits
Added by Acts 2020, c. 20, § 3, eff. March 14, 2021. Amended by Acts 2021, c. 698, § 1, eff. May 30, 2021; Acts 2023, c. 679, § 2, eff. July 1, 2023.
MD Code, Economic Development, § 10-658, MD ECON DEV § 10-658
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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