Maryland Statutes
Subtitle 10 - Passive House Pilot Program
Section 6-1004 - Passive House Pilot Program Fund -- Purpose -- Administration of Fund -- Special Nonlapsing Fund -- Items Included in Fund -- Use of Fund -- Investments [Subtitle Subject to Abrogation]

// EFFECTIVE UNTIL SEPTEMBER 30, 2025 PER CHAPTER 583 OF 2021 //
    (a)    There is a Passive House Pilot Program Fund in the Department.
    (b)    The purpose of the Fund is to cover the following costs of the Program:
        (1)    property acquisition costs;
        (2)    property renovation costs, including:
            (i)    demolition or deconstruction costs;
            (ii)    architectural and engineering design costs;
            (iii)    building material costs; and
            (iv)    passive house certification costs; and
        (3)    administrative costs.
    (c)    The Secretary or the Secretary’s designee shall administer the Fund in accordance with this subtitle and any other applicable law.
    (d)    (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 State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
    (e)    The Fund consists of:
        (1)    appropriations as provided in the State budget;
        (2)    any interest earnings of the Fund; and
        (3)    any other money from any other source accepted for the benefit of the Program.
    (f)    The Fund may be used only for the purposes described under subsection (b) of this section.
    (g)    (1)    The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
        (2)    Any investment earnings of the Fund shall be credited to the Fund.
    (h)    The Fund is subject to audit by the Office of Legislative Audits as provided in § 2–1220 of the State Government Article.

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