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§ 5-243. Maggie McIntosh School Arts Fund

West's Annotated Code of MarylandEducationEffective: April 11, 2023

West's Annotated Code of Maryland
Education (Refs & Annos)
Division II. Elementary and Secondary Education [Titles 2-9.5] (Refs & Annos)
Title 5. Financing (Refs & Annos)
Subtitle 2. Aid to Education (Refs & Annos)
Part VI. Miscellaneous (Refs & Annos)
Effective: April 11, 2023
MD Code, Education, § 5-243
§ 5-243. Maggie McIntosh School Arts Fund
Currentness
“Fund” defined
(a) In this section, “Fund” means the Maggie McIntosh School Arts Fund.
Establishment
(b) There is a Maggie McIntosh School Arts Fund.
Purpose of Fund
(c) The purpose of the Fund is to provide grants to public schools in Baltimore City to purchase art supplies for classrooms.
Administration of Fund
(d) Arts Every Day shall administer the Fund.
Nature of Fund
(e)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
Contents of Fund
(f) The Fund consists of:
(1) Revenue distributed to the Fund under § 9-120(b)(1)(viii) of the State Government Article;
(2) Money appropriated in the State budget to the Fund;
(3) Interest earnings or other income earned from the investment of any money from the Fund; and
(4) Any other money from any other source accepted for the benefit of the Fund.
Use of Fund
(g) The Fund shall be used to expand the arts curriculum for students in public schools in Baltimore City with grants to:
(1) Purchase art supplies for classrooms; and
(2) Provide arts experiences.
Investment of Fund
(h)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any interest earnings of the Fund shall be credited to the Fund.
Expenditures from Fund
(i) Expenditures from the Fund may be made only in accordance with the State budget.

Credits

Added by Acts 2022, c. 15, § 1, eff. July 1, 2022. Amended by Acts 2023, c. 49, § 2, eff. April 11, 2023.
MD Code, Education, § 5-243, MD EDUC § 5-243
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.
End of Document