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Current as of January 01, 2025 | Updated by Findlaw Staff
(a)(1) The Secretary may distribute not more than 5% of the net proceeds of the Fund to a promotional account to be used to promote further donations to the Fund.
(2) Money in the Fund may be used for administrative costs calculated in accordance with § 1-103(b)(2) of this title.
(b) After making the distributions allowed under subsection (a) of this section, the Secretary shall distribute the remainder of the net proceeds of the Fund as follows:
(1) 50% to the Chesapeake Bay Trust established under § 8-1902 of this article, to be used by the Trust only as provided in § 1-704 of this subtitle; and
(2) 50% to an endangered species account, to be used only to conserve nongame, threatened and endangered species as provided in § 1-705 of this subtitle.
Cite this article: FindLaw.com - Maryland Code, Natural Resources § 1-703 - last updated January 01, 2025 | https://codes.findlaw.com/md/natural-resources/md-code-nat-res-sect-1-703/
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