§ 1-703

Maryland § 1-703

• Jurisdiction: Maryland
• Article gnr: Natural Resources
• Title: 1

Text

(a) (1) The Secretary may distribute not more than 5% of the net proceeds of the Fund to a promotional account to be used to promote further donations to the Fund.

(2) Money in the Fund may be used for administrative costs calculated in accordance with § 1–103(b)(2) of this title.

(b) After making the distributions allowed under subsection (a) of this section, the Secretary shall distribute the remainder of the net proceeds of the Fund as follows:

(1) 50% to the Chesapeake Bay Trust established under § 8–1902 of this article, to be used by the Trust only as provided in § 1–704 of this subtitle; and

(2) 50% to an endangered species account, to be used only to conserve nongame, threatened and endangered species as provided in § 1–705 of this subtitle.