Section 9-274 - Source of moneys. - Maryland Statutes

§ 9-274. Source of moneys.
 

(a)  In general.- The State Used Tire Cleanup and Recycling Fund shall consist of moneys made available under: 

(1) Loan authorizations; 

(2) Funds appropriated in the State budget; 

(3) Fees collected for the sale of tires by retail dealers under § 9-228(g) of this subtitle; or 

(4) Bond and security forfeitures collected under § 9-228(k) of this subtitle. 

(b)  Maximum limit.-  

(1) The Fund is limited to a maximum of $10,000,000. 

(2) If the sum of unallocated funds in the Fund and the projected fees for the next fiscal year exceeds $10,000,000, the Board of Public Works shall adjust the fees for the next fiscal year on a pro rata basis so that the sum of unallocated and actual fees does not exceed $10,000,000. 
 

[1989, ch. 667; 1991, ch. 640; 1997, ch. 627, § 2; 2000, ch. 235, §§ 2, 4.]