2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 5-1204 - Maryland Not-For-Profit Development Center Program Fund
§5-1204.
(a) (1) There is a Maryland Not-For-Profit Development Center Program Fund in the Department.
(2) The Fund is a special, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.
(3) The Fund consists of:
(i) money appropriated in the State budget to the Fund; and
(ii) all other money accepted for the benefit of the Fund, including an additional $50 fee to be paid for the processing of articles of incorporation of a nonstock corporation in accordance with § 1-203 of the Corporations and Associations Article.
(b) The purpose of the Fund is to provide grant money to support the operations of the Program consistent with this subtitle.
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