Maryland Natural Resources Section 5-908.1

Article - Natural Resources

§ 5-908.1.

      (a)      In this section, "Fund" means the Somers Cove Marina Improvement Fund.

      (b)      There is a Somers Cove Marina Improvement Fund in the Department, to be used for the operation, maintenance, development, and improvement of the Somers Cove Marina facilities in Crisfield, Maryland.

      (c)      Any money obtained by the Department from Somers Cove Marina 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)      Moneys in the Fund may be used for administrative costs calculated in accordance with § 1-103(b)(2) of this article.



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