§ 14-304

Maryland § 14-304

• Jurisdiction: Maryland
• Article gag: Agriculture
• Title: 14

Text

(a) There is a Hemp Farming Fund.

(b) The purpose of the Fund is to defray the costs of administering and enforcing the Program.

(c) The Department shall administer the Fund.

(d) (1) The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.

(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.

(e) The Fund consists of:

(1) Revenue distributed to the Fund under § 14–306 of this subtitle;

(2) Money appropriated in the State budget to the Fund;

(3) Interest earnings of the Fund; and

(4) Any other money from any other source accepted for the benefit of the Fund.

(f) The Fund may be used only for the costs associated with administering and enforcing the Program.

(g) (1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.

(2) Any interest earnings of the Fund shall be credited to the Fund.