2018 Maryland Code
Health - General
Title 18 - Disease Prevention
Subtitle 11 - Academic Health Center Immunotherapy Research Fund
§ 18-1102. Academic Health Center Immunotherapy Research Fund

  • (a) Established. -- There is an Academic Health Center Immunotherapy Research Fund.

  • (b) Purpose. -- The purpose of the Fund is to provide matching grants to statewide academic health centers for immunotherapy research.

  • (c) Administration. -- The Secretary shall administer the Fund.

  • (d) Status; accounting. --

    • (1) The Fund is a special, nonlapsing fund that is not subject to ยง 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) Composition. -- The Fund consists of:

    • (1) Money appropriated in the State budget to the Fund; and

    • (2) Any other money from any other source accepted for the benefit of the Fund.

  • (f) Uses; grant. --

    • (1) The Fund may be used only for immunotherapy research.

    • (2) To qualify for a grant from the Fund, a statewide academic health center must dedicate funding from other sources to be used for the purpose described under subsection (b) of this section.

    • (3) The amount of a grant awarded from the Fund may not exceed the amount of funding dedicated by the statewide academic health center under paragraph (2) of this subsection.

  • (g) Investments. --

    • (1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.

    • (2) Any interest earnings of the Fund shall be credited to the General Fund of the State.

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

  • (i) Money expended is supplemental. -- Money expended from the Fund is supplemental to and is not intended to take the place of funding that otherwise would be appropriated to a statewide academic health center.

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