§ 9-274

Maryland § 9-274

• Jurisdiction: Maryland
• Article gen: Environment
• Title: 9

Text

(a) The State Used Tire Cleanup and Recycling Fund shall consist of moneys made available under:

(1) Loan authorizations;

(2) Funds appropriated in the State budget;

(3) Fees collected for the sale of tires by retail dealers under § 9–228(g) of this subtitle; or

(4) Bond and security forfeitures collected under § 9–228(k) of this subtitle.

(b) (1) The Fund is limited to a maximum of $10,000,000.

(2) If the sum of unallocated funds in the Fund and the projected fees for the next fiscal year exceeds $10,000,000, the Department shall adjust the fees for the next fiscal year on a pro rata basis so that the sum of unallocated and actual fees does not exceed $10,000,000.