(a) In this section, “Fund” means the Fair Hill Improvement Fund.
(b) There is a Fair Hill Improvement Fund in the Department, to be used for the operation, maintenance, development, and improvement of the Fair Hill facilities at Fair Hill, Maryland.
(c) Any money obtained by the Department from Fair Hill shall be credited to the Fund.
(d) (1) The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.
(2) Any investment earnings of the Fund may not be transferred or revert to the General Fund of the State, but shall remain in the Fund.
(3) Money in the Fund may be used for administrative costs calculated in accordance with § 1–103(b)(2) of this article.
Structure Maryland Statutes
Subtitle 9 - Program Open Space
Section 5-903.1 - Program Open Space Contingency Fund
Section 5-905 - Local Projects -- in General
Section 5-906 - Procedures and Administration of Local Projects
Section 5-908 - Fair Hill Improvement Fund
Section 5-908.1 - Somers Cove Marina Commission and Improvement Fund