Section 5-908 - Fair Hill Improvement Fund. - Maryland Statutes

§ 5-908. Fair Hill Improvement Fund.
 

(a)  "Fund" defined.- In this section, "Fund" means the Fair Hill Improvement Fund. 

(b)  Created.- There is a Fair Hill Improvement Fund in the Department, to be used for the operation, maintenance, development, and improvement of the Fair Hill facilities at Fair Hill, Maryland. 

(c)  Credit to Fund.- Any money obtained by the Department from Fair Hill shall be credited to the Fund. 

(d)  Status; use of moneys.-  

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

(2) Any investment earnings of the Fund may not be transferred or revert to the General Fund of the State, but shall remain in the Fund. 

(3) Moneys in the Fund may be used for administrative costs calculated in accordance with § 1-103(b)(2) of this article. 
 

[1976, ch. 413, § 1; 1977, ch. 784, § 5; 2004, chs. 472, 550; 2005, ch. 25, § 1.]