§ 10-4C-05. Maryland Makerspace Initiative Fund
West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2022
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 4c. Maryland Makerspace Initiative Program (Refs & Annos)
Effective: October 1, 2022
MD Code, Economic Development, § 10-4C-05
§ 10-4C-05. Maryland Makerspace Initiative Fund
(b)(1) The Fund is a special, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.
(c) The Fund consists of:
(d) The Executive Director of the Corporation, or the Executive Director's designee, shall administer the Fund in accordance with this part and any other applicable law.
(e) The Fund shall be used to cover the following costs of the Program:
(f) For each of fiscal years 2024 through 2028, the Governor shall include in the annual budget bill an appropriation of at least $1,000,000 to the Fund.
(g)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
Credits
Added by Acts 2022, c. 322, § 1, eff. Oct. 1, 2022.
MD Code, Economic Development, § 10-4C-05, MD ECON DEV § 10-4C-05
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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