Maryland Code, NATURAL RESOURCES 8-1921
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Terms Used In Maryland Code, NATURAL RESOURCES 8-1921
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(a) Except as provided in subsection (c) of this section, the Corps Program shall be funded each fiscal year with:
(1) The amount specified in § 3-302(d) of this article; and
(2) Up to $250,000 in additional funds that may be allocated by the Trust through its annual budget process.
(b) The Trust and the Corps Board shall seek federal funds and grants and donations from private sources to be made to the Trust for the purpose of long-term funding of the Corps Program.
(c) For fiscal year 2024 and each fiscal year thereafter, the Governor shall include in the annual budget bill an appropriation of $1,500,000 to the Trust for the Corps Program to implement climate mitigation and clean energy projects under § 8-1920 of this subtitle.