Section 5-1204 - Maryland Not-For-Profit Development Center Program Fund. - Maryland Statutes

§ 5-1204. Maryland Not-For-Profit Development Center Program Fund.
 

(a)  Established; status; contents.-  

(1) There is a Maryland Not-For-Profit Development Center Program Fund in the Department. 

(2) The Fund is a special, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article. 

(3) The Fund consists of: 

(i) money appropriated in the State budget to the Fund; and 

(ii) all other money accepted for the benefit of the Fund, including an additional $50 fee to be paid for the processing of articles of incorporation of a nonstock corporation in accordance with § 1-203 of the Corporations and Associations Article. 

(b)  Purpose.- The purpose of the Fund is to provide grant money to support the operations of the Program consistent with this subtitle. 
 

[2008, ch. 313.]