§ 9-912.2. Charlotte Hall Veterans Home Fund
West's Annotated Code of MarylandState GovernmentEffective: July 1, 2016
Effective: July 1, 2016
MD Code, State Government, § 9-912.2
§ 9-912.2. Charlotte Hall Veterans Home Fund
(c) The purpose of the Fund is to maintain the operation of the Charlotte Hall Veterans Home.
(e)(1)(i) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(iii) If, after deducting all expenses authorized under subsection (g) of this section, the remaining balance of the revenue to the Department from bed lease payments at the end of a fiscal year is greater than 10% of the total budget of the Charlotte Hall Veterans Home for that fiscal year, the amount of the remaining balance that is in excess of 10% of the total budget shall revert to the General Fund of the State.
(g) The Fund may be used only for:
(h)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(i) Expenditures from the Fund may be made only in accordance with the State budget.
(j) Money expended from the Fund for the Charlotte Hall Veterans Home is supplemental to, and is not intended to take the place of, funding that otherwise would be appropriated for the Charlotte Hall Veterans Home.
Credits
Added by Acts 2016, c. 317, § 1, eff. July 1, 2016.
MD Code, State Government, § 9-912.2, MD STATE GOVT § 9-912.2
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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