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§ 11.5-103. Establishment of the Ending Youth Homelessness Grant Fund

West's Annotated Code of MarylandHousing and Community DevelopmentEffective: October 1, 2018

West's Annotated Code of Maryland
Housing and Community Development (Refs & Annos)
Division I. Housing and Community Programs [Titles 1-11] (Refs & Annos)
Title 11.5. Ending Youth Homelessness Act (Refs & Annos)
Effective: October 1, 2018
MD Code, Housing & Community Development, § 11.5-103
§ 11.5-103. Establishment of the Ending Youth Homelessness Grant Fund
Currentness
In general
(a) There is an Ending Youth Homelessness Grant Fund.
Purpose
(b) The purpose of the Fund is to provide funds to the Program.
Administration
(c) The Department shall administer the Fund.
Special, nonlapsing fund
(d)(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
(e) The Fund consists of:
(1) money appropriated in the State budget to the Fund; and
(2) any other money from any other source accepted for the benefit of the Fund.
Use of Fund
(f) The Fund may be used only for grants made by the Department for the Program.
Investment
(g)(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 General Fund of the State.
Expenditures
(h) Expenditures from the Fund may be made only in accordance with the State budget.

Credits

Added by Acts 2018, c. 748, § 1, eff. Oct. 1, 2018.
MD Code, Housing & Community Development, § 11.5-103, MD HOUS & CMTY DEV § 11.5-103
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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