(1) It is State public policy to both restore existing park and green space systems and create new park and green space systems in the municipal corporations of the State and Baltimore City; and

(2) Funding sources in the form of flexible grants shall be made available to the governing bodies of municipal corporations and Baltimore City to:

(i) Rehabilitate, expand, improve, or maintain existing parks;

(ii) Purchase land to create new parks;

(iii) Develop new parks;

(iv) Purchase and install playground equipment in urban neighborhoods and rural areas throughout the State; or

(v) Be used for environmentally oriented parks and recreation projects.

(b) (1) There is a Community Parks and Playgrounds Program to provide flexible grants to the governing bodies of municipal corporations and Baltimore City for the purposes set forth in subsection (a) of this section.

(2) The Department’s Program Open Space shall administer the Program.

(c) The Secretary shall adopt regulations to carry out this subtitle.