§ 5602 — Nonprofit Security Grant Fund

(a) Establishment.--The Nonprofit Security Grant Fund is established as a special fund in the State Treasury.

(b) Appropriation.--All money deposited in the fund under subsection (d) and the interest the money accrues shall be appropriated to the commission on a continuing basis to award grants under this chapter.

(c) Transfers from General Fund.--Money available to the fund shall include transfers from the General Fund as provided under subsection (d).

(d) Transfer by Secretary of the Budget.--No later than 30 days after the effective date of this section, the Secretary of the Budget shall transfer to the fund $5,000,000 of the unexpended, unencumbered prior year funds that were originally appropriated from the General Fund to any executive branch agency which is subject to the policy, supervision and control of the Governor. The Secretary of the Budget may only make the transfer of funds if the transfer will not result in a deficit in any appropriation from which the funds are transferred. No less than 10 days prior to the transfer, the Secretary of the Budget shall send notification of the transfer in writing to the chairperson and the minority chairperson of the Appropriations Committee of the Senate and the chairperson and the minority chairperson of the Appropriations Committee of the House of Representatives.

(e) Appropriation by General Assembly.--Beginning with the 2020-2021 fiscal year, the General Assembly may appropriate money to the fund.

(f) Lapse of funds.--All unexpended and unencumbered funds remaining in the fund as of July 1, 2029, shall lapse and be transferred to the General Fund.

Legislative History

(Nov. 3, 2022, P.L.1674, No.104, eff. imd.) 2022 Amendment.Act 104 amended subsec. (f). Cross References.Section 5602 is referred to in section 5601 of this title.