Maryland Natural Resources Section 5-307

      (a)      In this section, "Fund" means the Woodland Incentives Fund.

      (b)      There is a Woodland Incentives Fund in the Department.

      (c)      The purpose of the Fund is to finance the Woodland Incentives Program and the cost-share assistance established under this subtitle.

      (d)      The Department 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 Treasurer shall hold the Fund separately and the Comptroller shall account for the Fund.

      (f)      The Fund consists of:

            (1)      As provided in § 13-306 of the Tax - Property Article, up to $200,000 annually of the proceeds of the tax imposed by § 13-302 of the Tax - Property Article that are attributable to the taxation of instruments of writing that transfer title to parcels of land that are entirely woodland; and

            (2)      Revenues collected by the Department from the payment of charges imposed for Department assistance in implementation of an approved practice.

      (g)      The Department shall use the Fund:

            (1)      To help fund the Woodland Incentives Program and the cost-share assistance established under this subtitle; and

            (2)      For administrative costs calculated in accordance with § 1-103(b)(2) of this article.

      (h)      (1)      The 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 General Fund of the State.

      (i)      Expenditures from the Fund may be made only in accordance with the State budget.