(a) The Secretary shall administer the Fund.
(b) (1) The Fund is a special, nonlapsing fund that is not subject to reversion under § 7–302 of the State Finance and Procurement Article.
(2) The Treasurer shall hold the Fund separately and the Comptroller shall account for the Fund.
(c) Any investment earnings of the Fund shall be credited to the Fund.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 5 - Economic Development and Financial Assistance Programs
Subtitle 3 - Maryland Economic Development Assistance Authority and Fund
Part III - Maryland Economic Development Assistance Fund
Section 5-312 - Administration
Section 5-315 - Reporting Requirements
Section 5-316 - Continued Authorization for Incorporated Funds