(b) The purpose of the Fund is to provide grants to urban agricultural producers and qualified nonprofit organizations for the purchase and installation of:

(1) Agriculture equipment associated with water supply and irrigation; and

(2) Electric power access.

(c) The Secretary shall administer the Fund.

(d) (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.

(e) The Fund consists of:

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

(2) Money appropriated to the Fund under § 13-209 of the Tax – Property Article; and

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

(f) The Fund may be used only for:

(1) Providing up to 87.5% of matching funds to urban agricultural producers and qualified nonprofit organizations for the purchase and installation of:

(i) Water meters;

(ii) Water pipes;

(iii) Irrigation hoses;

(iv) Electric meters;

(v) Electrical lines; or

(vi) Any other equipment associated with water supply and irrigation or electric power access the Department determines is appropriate; and

(2) Administrative costs for the Department to administer the Program.

(g) On or before October 15 each year, beginning in 2024, the Department shall submit a report to the Governor and, in accordance with § 2-1257 of the State Government Article, the Senate Budget and Taxation Committee and the House Appropriations Committee on the effectiveness of the funding provided under this section.