Md. Code Ann., Agric. § 2-708.2
Maryland Horse Industry Fund
Effective Jul 1, 2010Added by Acts 1998, c. 416, § 1, eff. Oct. 1, 1998. Amended by Acts 1999, c. 34, § 1, eff. April 13, 1999; Acts 2002, c. 223, § 1, eff. July 1, 2002; Acts 2009, c. 702, § 1, eff. Oct. 1, 2009; Acts 2010, c. 19, § 1, eff. July 1, 2010.State of Maryland
- (a) In this section, “Fund” means the Maryland Horse Industry Fund.
- (b) There is a Maryland Horse Industry Fund in the Department.
(c)
- (1) The Fund is a continuing, revolving special fund to be maintained by the State Treasurer.
- (2) The State Treasurer shall hold and the State Comptroller shall account for the Fund.
- (d) The Fund shall be invested and reinvested. Any interest or other investment earnings of the Fund shall be credited and paid into the Fund.
- (e) At the end of a fiscal year, any unspent or unencumbered balance in the Fund may not revert to the General Fund of the State.
(f) The Fund consists of:
- (1) Money made available from an assessment on equine feed as required under § 6-107.2 of this article;
- (2) Money made available to the Fund by general, federal, or special fund appropriations;
- (3) Money made available to the Fund by gifts, grants or transfers from any government or unit or instrumentality of a government or from any private sector sources; and
- (4) Money made available from licensing and inspection of horse stables as required under §§ 2-711, 2-712, and 2-713 of this subtitle.
- (g) The Board shall use the money in the Fund in accordance with the provisions of § 2-708 of this subtitle.
- (h) Except for the purposes in § 2-708.1 of this subtitle, the Board may not use any money in the Fund for any other purpose of the Board.
Added by Acts 1998, c. 416, § 1, eff. Oct. 1, 1998. Amended by Acts 1999, c. 34, § 1, eff. April 13, 1999; Acts 2002, c. 223, § 1, eff. July 1, 2002; Acts 2009, c. 702, § 1, eff. Oct. 1, 2009; Acts 2010, c. 19, § 1, eff. July 1, 2010.