Maryland Code, PUBLIC SAFETY 8-202
Terms Used In Maryland Code, PUBLIC SAFETY 8-202
- 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
- including: means includes or including by way of illustration and not by way of limitation. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) (1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(2) The Treasurer shall hold the Fund separately and the Comptroller shall account for the Fund.
(c) After consultation with the Association, the Governor may include in the State budget each year an appropriation to the Fund.
(d) (1) Any investment earnings of the Fund shall be credited to the Fund.
(2) Repayments on loans from the Fund shall be placed in the Fund and made available to fund grant or loan requests.
(e) For the purpose of making loans under this subtitle, the Association shall:
(1) develop loan criteria;
(2) develop loan terms, including interest rates; and
(3) recommend to the Board of Public Works the approval or denial of loans.