§ 9-120. Distribution of Fund
West's Annotated Code of MarylandState GovernmentEffective: July 1, 2023
Effective: July 1, 2023
MD Code, State Government, § 9-120
§ 9-120. Distribution of Fund
(a) The Comptroller shall distribute, or cause to be distributed, the State Lottery Fund to pay:
(b)(1) By the end of the month following collection, the Comptroller shall deposit, cause to be deposited, or pay:
(i) 1. after June 30, 2023, but not later than June 30, 2026, into the Maryland Stadium Facilities Fund established under § 7-312 of the State Finance and Procurement Article from the money that remains in the State Lottery Fund, after the distribution under subsection (a) of this section, an amount not to exceed $14,200,000 in each fiscal year;
3. after June 30, 2026, but not later than June 30, 2039, into the Maryland Stadium Facilities Fund established under § 7-312 of the State Finance and Procurement Article from the money that remains in the State Lottery Fund, after the distribution under subsection (a) of this section, an amount not to exceed $3,360,000 in each fiscal year;
(ii) after June 30, 2014, into the Maryland Veterans Trust Fund 10% of the money that remains in the State Lottery Fund from the proceeds of sales of tickets from instant ticket lottery machines by veterans' organizations under § 9-112(d) of this subtitle, after the distribution under subsection (a) of this section;
(iii) after June 30, 2014, into the Baltimore City Public School Construction Financing Fund established under § 10-656 of the Economic Development Article the money that remains in the State Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a) of this section and items (i) and (ii) of this paragraph, an amount equal to $20,000,000 in each fiscal year that bonds are outstanding and unpaid, to be paid in two installments with at least $10,000,000 paid no later than December 1 of each fiscal year;
(iv) after June 30, 2021, into the Racing and Community Development Financing Fund established under § 10-657.2 of the Economic Development Article from the money that remains in the State Lottery Fund, after the distribution under subsection (a) of this section, an amount equal to $17,000,000 in each fiscal year until the bonds issued for a racing facility have matured;
(v) after June 30, 2020, into the Michael Erin Busch Sports Fund established under § 10-612.2 of the Economic Development Article from the money that remains in the State Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a) of this section and items (i) through (iv) of this paragraph, an amount equal to $1,000,000 in each fiscal year;
(vi) after June 30, 2021, a grant to the Maryland Humanities Council for Maryland History Day and other programming from the money that remains in the State Lottery Fund after the distributions under subsection (a) of this section and items (i) through (v) of this paragraph, an amount equal to $150,000 in each fiscal year;
(viii) after June 30, 2022, into the Maggie McIntosh School Arts Fund established under § 5-243 of the Education Article from the money that remains in the State Lottery Fund from the proceeds of all other lotteries after the distributions under subsection (a) of this section and items (i) through (vii) of this paragraph, an amount equal to $250,000 in each fiscal year;
(ix) after June 1, 2022, to the Sports Entertainment Facilities Financing Fund established under § 10-657.5 of the Economic Development Article from the money that remains in the State Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a) of this section and items (i) through (viii) of this paragraph, an amount not to exceed $25,000,000 to be paid in two installments not later than November 1 and June 1 of each fiscal year;
(x) after June 30, 2022, to the Major Sports and Entertainment Event Program Fund established under § 10-611.2 of the Economic Development Article from the money that remains in the State Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a) of this section and items (i) through (ix) of this paragraph:
(xi) if a deposit or payment is made under item (i)2 through 5 of this paragraph, an amount equal to the total deposit or payment under item (i)2 through 5 of this paragraph, but not exceeding $27,000,000, into the Bus Rapid Transit Fund established under § 2-802.1 of the Transportation Article for bus rapid transit system grants in accordance with § 2-802 of the Transportation Article from the money that remains in the State Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a) of this section and items (i) through (x) of this paragraph;
(xii) after June 30, 2023, into the Prince George's County Blue Line Corridor Facility Fund established under § 10-657.6 of the Economic Development Article from the money that remains in the State Lottery Fund from the proceeds of all lotteries after the distributions under subsection (a) of this section and items (i) through (xi) of this paragraph, an amount not to exceed $27,000,000 to be paid in two installments not later than November 1 and June 1 of each fiscal year; and
Credits
Added by Acts 1984, c. 284, § 1, eff. Oct. 1, 1984. Amended by Acts 1987, c. 124, § 1, eff. June 1, 1987; Acts 1987, c. 315, § 1, eff. July 1, 1988; Acts 1994, c. 475, § 1, eff. Oct. 1, 1994; Acts 1996, c. 585, § 18, eff. Oct. 1, 1996; Acts 1997, c. 14, § 20, eff. April 8, 1997; Acts 2001, c. 35, § 1, eff. Oct. 1, 2001; Acts 2012, c. 66, § 1, eff. April 10, 2012; Acts 2012, 2nd Sp. Sess., c. 1, § 1, eff. Oct. 1, 2012; Acts 2013, c. 43, § 5; Acts 2013, c. 647, § 1, eff. July 1, 2013; Acts 2015, c. 22, § 1, eff. April 14, 2015; Acts 2016, c. 727, § 1, eff. July 1, 2016; Acts 2017, c. 23, § 2, eff. June 1, 2017; Acts 2018, c. 184, § 2, eff. July 1, 2019; Acts 2018, c. 185, § 2, eff. July 1, 2019; Acts 2020, c. 590, § 1, eff. June 1, 2020; Acts 2021, c. 33, § 1, eff. March 14, 2021; Acts 2021, c. 109, § 5; Acts 2021, c. 299, § 1, eff. July 1, 2021; Acts 2021, c. 300, § 1, eff. July 1, 2021; Acts 2021, c. 692, § 1, eff. July 1, 2021; Acts 2022, c. 15, § 1, eff. July 1, 2022; Acts 2022, c. 60, § 1, eff. July 1, 2022; Acts 2022, c. 61, § 2, eff. June 1, 2022; Acts 2022, c. 135, § 5; Acts 2023, c. 112, § 1, eff. July 1, 2023.
MD Code, State Government, § 9-120, MD STATE GOVT § 9-120
Current through legislation effective through April 25, 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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