(a) The General Assembly finds that it is in the public interest to provide funding to reimburse a person who has sustained damage to agricultural products or pets as a result of black bear.

(b) (1) There is a Black Bear Damage Reimbursement Fund in the Department.

(2) The Fund consists of:

(i) Proceeds from the sale of a conservation bear stamp or decal which may be purchased at a cost of $5 for each stamp or decal; and

(ii) Gifts, grants, and contributions to the State that are designated for inclusion in the Fund.

(3) The Fund is a continuing, nonlapsing special fund, and is not subject to § 7-302 of the State Finance and Procurement Article.

(4) The State Treasurer shall hold and the State Comptroller shall account for the Fund.

(c) The Department may reimburse a person from the Black Bear Damage Reimbursement Fund in accordance with subsections (d) and (e) of this section for any damage to the person’s:

(1) Beehives, fruit, or other crops;

(2) Livestock and poultry as defined in § 1-101 of the Agriculture Article; or

(3) Pets as defined in § 4-501 of the Family Law Article.

(d) (1) A person is eligible to be reimbursed from the Fund if:

(i) The person has followed all black bear damage preventive measures recommended by the Department;

(ii) The damage amount is determined by an extension agent of the University of Maryland Cooperative Extension Service; and

(iii) The Department has verified that the damage was caused by black bear.

(2) Subject to available funding, a person may be reimbursed from the Fund in an amount not less than $200 or more than $3,000 per year.

(e) If the money in the Fund is not sufficient to satisfy all the claims in accordance with the conditions described in subsection (d) of this section, an equal percent of each claim shall be paid.

(f) The Department shall adopt regulations to carry out the provisions of this section.