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§ 14-122. Oil and Gas Fund

West's Annotated Code of MarylandEnvironmentEffective: October 1, 2013

West's Annotated Code of Maryland
Environment
Title 14. Gas and Oil (Refs & Annos)
Subtitle 1. In General
Effective: October 1, 2013
MD Code, Environment, § 14-122
§ 14-122. Oil and Gas Fund
Currentness
Established
(a) There is an Oil and Gas Fund.
Composition
(b) The Fund consists of:
(1) Fees collected by the Department under § 14-105 of this subtitle;
(2) Funds appropriated by the General Assembly for deposit to the Fund;
(3) Fines and proceeds from financial assurance instruments collected by the Department in accordance with this subtitle that exceed the amount necessary to reclaim a site; and
(4) Any additional money made available from any sources, public or private, for the purposes for which the Fund has been established.
Nature of fund
(c)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(2) Notwithstanding any law to the contrary, unused money in the Fund may not revert to the General Fund.
Administration of fund
(d) The Fund shall be maintained and administered by the Department in accordance with the provisions of this subtitle and any regulations the Department adopts.

Credits

Added by Acts 2010, c. 383, § 1, eff. July 1, 2010. Amended by Acts 2013, c. 568, § 1, eff. Oct. 1, 2013.
MD Code, Environment, § 14-122, MD ENVIR § 14-122
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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