Maryland Code, TRANSPORTATION 7-1203
Terms Used In Maryland Code, TRANSPORTATION 7-1203
- 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
- County: means a county of the State or Baltimore City. See
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- 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.
- including: means includes or including by way of illustration and not by way of limitation. See
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
(c) (1) The Fund consists of:
(i) Money appropriated in the State budget to the Fund;
(ii) Money made available for qualifying uses by the Fund from other governmental sources, including eligible federal funding and the Transportation Trust Fund;
(iii) Ground rents or land sale proceeds in accordance with § 10-306(c)(2) of the State Finance and Procurement Article;
(iv) Payments of principal of and interest on loans made under this title;
(v) Investment earnings of the Fund; and
(vi) Any other money from any other source, public or private, accepted for the benefit of the Fund.
(2) Contributions to the Fund under paragraph (1)(iii) of this subsection shall:
(i) Be separately accounted for in the Fund; and
(ii) Be used only for the benefit of transit-oriented developments in the same county where the real property subject to the ground rent or land sale is located.
(d) For each fiscal year, the Governor shall include in the annual budget bill an appropriation sufficient to ensure a Fund balance of at least $5,000,000 at the start of the fiscal year.