Md. Code Ann., Nat. Res. § 1-703
Allocation of proceeds
Effective Apr 13, 2010Added by Acts 1988, c. 583, § 1, eff. Jan. 1, 1989. Amended by Acts 2004, c. 472, § 1, eff. Oct. 1, 2004; Acts 2010, c. 72, § 5, eff. April 13, 2010.State of Maryland
(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.
Added by Acts 1988, c. 583, § 1, eff. Jan. 1, 1989. Amended by Acts 2004, c. 472, § 1, eff. Oct. 1, 2004; Acts 2010, c. 72, § 5, eff. April 13, 2010.