(a)In this section, “Fund” means the Park System Critical Maintenance Fund.
(b)There is a Park System Critical Maintenance Fund.
(c)The purpose of the Fund is to provide funding for completing State projects that address critical maintenance concerns on lands managed by the Department for public purposes.
(d)The Secretary shall administer the Fund.
(e)(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.
(f)The Fund consists of:
(1)Revenue distributed to the Fund under § 13–209(g) of the Tax – Property Article;
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(a) In this section, “Fund” means the Park System Critical Maintenance Fund.
(b) There is a Park System Critical Maintenance Fund.
(c) The purpose of the Fund is to provide funding for completing State projects that address critical maintenance concerns on lands managed by the Department for public purposes.
(d) The Secretary shall administer the Fund.
(e) (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.
(f) The Fund consists of:
(1) Revenue distributed to the Fund under § 13–209(g) of the Tax – Property Article;
(2) Money appropriated in the State budget to the Fund;
(3) Interest earnings; and
(4) Any other money from any other source accepted for the benefit of the Fund.
(g) The Fund may be used only for State park projects that address critical maintenance concerns on lands managed by the Department for public purposes.
(h) (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.
(i) Expenditures from the Fund may be made only in accordance with the State budget.
(j) Money expended from the Fund for critical maintenance in the State’s parks is supplemental to and is not intended to take the place of funding that otherwise would be appropriated for critical maintenance in the State’s parks.
(k) (1) For fiscal year 2024 only, the Governor shall include in the annual budget bill a General Fund appropriation in the amount of $70,000,000 to the Fund for State projects that address critical maintenance concerns on lands managed by the Department for public purposes.
(2) The Department shall expend the funds allocated under this subsection before July 1, 2029.
(l) Notwithstanding § 13–109 of the State Finance and Procurement Article, the Department may expend up to $400,000 for a project that addresses critical maintenance concerns from the Fund without prior approval of the Department of General Services.