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Maryland Code, Housing and Community Development § 6-1307

Current as of December 31, 2021 | Updated by FindLaw Staff

(a) In this section, “Fund” means the Community Health and Safety Works Grant Program Fund.

(b) There is a Community Health and Safety Works Grant Program Fund.

(c) The purpose of the Fund is to provide financial assistance in the form of grants under the provisions of the Program for eligible projects.

(d) The Department shall administer the Fund.

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

(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.

(f) The Fund consists of:

(1) money appropriated in the State budget to the Fund;

(2) earnings from the investment of money in the Fund;

(3) interest earnings of the Fund; and

(4) any other money from any other source accepted for the benefit of the Fund.

(g) The Fund may be used only for providing financial assistance in the form of grants under the Program.

(h)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.

(2) Any interest earnings of the Fund shall be credited to the Fund.

(i) Expenditures from the Fund may be made only in accordance with the State budget.

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Cite this article: FindLaw.com - Maryland Code, Housing and Community Development § 6-1307 - last updated December 31, 2021 | https://codes.findlaw.com/md/housing-and-community-development/md-code-hous-and-cmty-dev-sect-6-1307/

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