§ 2-508.1. Disbursements
West's Annotated Code of MarylandAgricultureEffective: April 11, 2017
Effective: April 11, 2017
MD Code, Agriculture, § 2-508.1
§ 2-508.1. Disbursements
(a) If a county is certified by the Department of Planning under § 5-408 of the State Finance and Procurement Article as having established an effective county agricultural land preservation program, and if there is money remaining in the Maryland Agricultural Land Preservation Fund at the end of the fiscal year, the county may apply to the Foundation for an amount equal to the difference between:
(b) The distribution under this section shall be made within 60 days of the end of each fiscal year.
(c) If the money remaining in the Maryland Agricultural Land Preservation Fund at the end of the fiscal year is insufficient to distribute the total amount applied for under subsection (a) of this section, the maximum amount that may be distributed to any certified county is:
(d) A county may use the additional funds distributed under this section only for an approved agricultural land preservation program for the purposes stated under § 2-512 of this subtitle, including use for bond annuity funds, collateralizing loans, or matching funds.
Credits
Added by Acts 1990, c. 65. Amended by Acts 1995, c. 568, § 1, eff. July 1, 1995; Acts 2000, c. 209, § 2, eff. July 1, 2000; Acts 2017, c. 62, § 1, eff. April 11, 2017.
MD Code, Agriculture, § 2-508.1, MD AGRIC § 2-508.1
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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