EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
*hb1031*
HOUSE BILL 1031
M1 2lr1711
CF SB 791
By: Delegates Luedtke and Stein
Introduced and read first time: February 10, 2022
Assigned to: Environment and Transportation and Appropriations
A BILL ENTITLED
AN ACT concerning 1
Natural Resources – Land Conservation – Establishment of Goals and Programs 2
(Maryland the Beautiful Act) 3
FOR the purpose of establishing certain goals and programs related to land conservation; 4
establishing the Local Land Trust Revolving Loan Program to provide loans to 5
certain land trusts to purchase land for conservation purposes; establishing the Local 6
Land Trust Revolving Loan Fund as a special, nonlapsing fund; requiring interest 7
earnings of the Fund to be credited to the Fund; requiring the Governor, beginning 8
in a certain fiscal year, to include in the annual budget bill a certain appropriation 9
to the Mel Noland Woodland Incentives and Fellowship Fund; establishing the 10
Greenspace Equity Program to enhance the public health and livability of 11
underserved areas by implementing projects to preserve, create, and enhance 12
community greenspace; and generally relating to land conservation in the State. 13
BY adding to 14
Article – Natural Resources 15
New part designation “Part I. General Provisions” to immediately precede Section 16
3–201; Section 3–214 through 3–216 to be under the new part “Part II. Local 17
Land Trust Revolving Loan Program”; 5–104; and 5–9D–01 through 5–9D–04 18
to be under the new subtitle “Subtitle 9D. Greenspace Equity Program” 19
Annotated Code of Maryland 20
(2018 Replacement Volume and 2021 Supplement) 21
BY repealing and reenacting, without amendments, 22
Article – Natural Resources 23
Section 5–307(b) 24
Annotated Code of Maryland 25
(2018 Replacement Volume and 2021 Supplement) 26
BY repealing and reenacting, with amendments, 27
Article – Natural Resources 28 2 HOUSE BILL 1031
Section 5–307(f) 1
Annotated Code of Maryland 2
(2018 Replacement Volume and 2021 Supplement) 3
BY repealing and reenacting, without amendments, 4
Article – State Finance and Procurement 5
Section 6–226(a)(2)(i) 6
Annotated Code of Maryland 7
(2021 Replacement Volume) 8
BY repealing and reenacting, with amendments, 9
Article – State Finance and Procurement 10
Section 6–226(a)(2)(ii)144. and 145. 11
Annotated Code of Maryland 12
(2021 Replacement Volume) 13
BY adding to 14
Article – State Finance and Procurement 15
Section 6–226(a)(2)(ii)146. 16
Annotated Code of Maryland 17
(2021 Replacement Volume) 18
SECTION 1. BE IT ENACTED BY THE GE NERAL ASSEMBLY OF MARYLAND, 19
That the new part designation “Part I. General Provisions” be added to immediately 20
precede Section 3–201 of Article – Natural Resources of the Annotated Code of Maryland. 21
SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland read 22
as follows: 23
Article – Natural Resources 24
3–212. RESERVED. 25
3–213. RESERVED. 26
PART II. LOCAL LAND TRUST REVOLVING LOAN PROGRAM. 27
3–214. 28
(A) IN THIS PART THE FOLL OWING WORDS HAVE THE MEANINGS 29
INDICATED. 30
(B) “ADVISORY COMMITTEE” MEANS THE LAND PRESERVATION RAPID 31
RESPONSE ADVISORY COMMITTEE. 32
HOUSE BILL 1031 3
(C) “BOARD OF TRUSTEES” MEANS THE BOARD OF TRUSTEES OF THE 1
MARYLAND ENVIRONMENTAL TRUST. 2
(D) “EXECUTIVE COMMITTEE” MEANS THE EXECUTIVE COMMITTEE OF THE 3
MARYLAND ENVIRONMENTAL TRUST. 4
(E) “FUND” MEANS THE LOCAL LAND TRUST REVOLVING LOAN FUND. 5
(F) “PROGRAM” MEANS THE LOCAL LAND TRUST REVOLVING LOAN 6
PROGRAM. 7
3–215. 8
(A) THERE IS A LOCAL LAND TRUST REVOLVING LOAN PROGRAM. 9
(B) THE PURPOSE OF THE PROGRAM IS TO: 10
(1) SUPPORT THE EFFORTS OF LOCAL LAND TRUSTS THAT WORK 11
WITH STATE AND LOCAL GOVERNMENT ENTITIES AND THAT HAVE DIFFIC ULTY 12
ACCESSING MONEY FROM EXISTING PROGRAM OPEN SPACE PRESERVATION 13
PROGRAMS IN A TIMELY MANNER; AND 14
(2) PROVIDE REVOLVING LOA NS TO LAND TRUSTS ON A ROLLING 15
BASIS TO ASSIST THE LAND TRUSTS TO PURCH ASE PROPERTY . 16
(C) A LAND TRUST THAT RECEIVES A PROGRAM LOAN TO PURCHASE 17
PROPERTY IN ACCORDAN CE WITH SUBSECTION (B) OF THIS SECTION SHAL L REPAY 18
THE FUND: 19
(1) AT A RATE TO BE DETER MINED BY THE MARYLAND 20
ENVIRONMENTAL TRUST, NOT TO EXCEED ONE PO INT BELOW THE PRIME INTEREST 21
RATE; AND 22
(2) AFTER THE PROPERTY IS : 23
(I) PLACED UNDER EASEMENT; OR 24
(II) TRANSFERRED TO A STATE OR LOCAL GOVERN MENT 25
ENTITY. 26
(D) (1) THE PROGRAM IS ADMINISTER ED BY THE MARYLAND 27
ENVIRONMENTAL TRUST. 28
4 HOUSE BILL 1031
(2) THE MARYLAND ENVIRONMENTAL TRUST MAY AUTHORIZE A 1
NONPROFIT ORGANIZATI ON TO MANAGE AND ADM INISTER THE PROGRAM ON ITS 2
BEHALF. 3
(E) (1) THERE IS A LAND PRESERVATION RAPID RESPONSE ADVISORY 4
COMMITTEE. 5
(2) THE PURPOSE OF THE ADVISORY COMMITTEE IS TO: 6
(I) REVIEW AND PRIORITIZE PROGRAM LOAN APPLICATIONS 7
FOR FINAL APPROVAL B Y THE EXECUTIVE COMMITTEE; AND 8
(II) MAKE RECOMMENDATIONS TO THE EXECUTIVE 9
COMMITTEE ON : 10
1. WHICH PROJECTS TO FUN D, WHETHER IN WHOLE OR 11
IN PART; AND 12
2. THE FUNDING TO BE ALLOCATED TO EACH PR OJECT. 13
(3) THE ADVISORY COMMITTEE CONSISTS OF: 14
(I) A REPRESENTATIVE OF TH E DEPARTMENT , SELECTED BY 15
THE SECRETARY; AND 16
(II) THE FOLLOWING MEMBERS , SELECTED BY THE BOARD OF 17
TRUSTEES: 18
1. A REPRESENTATIVE OF THE MARYLAND 19
ENVIRONMENTAL TRUST THAT IS NOT A M EMBER OF THE EXECUTIVE COMMITTEE; 20
2. A REPRESENTATIVE OF A NONPROFIT LAND 21
CONSERVATION ORGANIZ ATION IN THE STATE; 22
3. A REPRESENTATIVE OF A LOCAL PARKS AND 23
RECREATION DEPARTMEN T IN THE STATE; AND 24
4. AN INDIVIDUAL WITH EX PERIENCE IN LOAN 25
UNDERWRITING . 26
3–216. 27
(A) THERE IS A LOCAL LAND TRUST REVOLVING LOAN FUND. 28 HOUSE BILL 1031 5
(B) THE PURPOSE OF THE FUND IS TO FINANCE TH E LOCAL LAND TRUST 1
REVOLVING LOAN PROGRAM. 2
(C) THE MARYLAND ENVIRONMENTAL TRUST SHALL ADMINISTE R THE 3
FUND. 4
(D) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 5
SUBJECT TO § 7–302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE. 6
(2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 7
AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 8
(E) THE FUND CONSISTS OF : 9
(1) MONEY APPROPRIATED IN THE STATE BUDGET TO THE FUND; 10
(2) INTEREST EARNINGS ; AND 11
(3) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 12
THE BENEFIT OF THE FUND. 13
(F) IN FISCAL YEAR 2024, THE GOVERNOR SHALL INCLUD E IN THE ANNUAL 14
BUDGET BILL AN APPRO PRIATION OF $10,000,000 TO THE FUND. 15
(G) THE FUND MAY BE USED ONLY TO PROVIDE FUNDING FOR THE LOCAL 16
LAND TRUST REVOLVING LOAN PROGRAM. 17
(H) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 18
IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 19
(2) ANY INTEREST EARNINGS OF THE FUND SHALL BE CREDITE D TO 20
THE FUND. 21
(I) EXPENDITURES FROM THE FUND MAY BE MADE ONLY IN ACCORDANCE 22
WITH THE STATE BUDGET . 23
(J) MONEY EXPENDED FROM THE FUND FOR THE PROGRAM IS 24
SUPPLEMENTAL TO AND IS NOT INTENDED TO T AKE THE PLACE OF FUN DING THAT 25
OTHERWISE WOULD BE A PPROPRIATED FOR THE PROGRAM. 26
5–104. 27
6 HOUSE BILL 1031
(A) (1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS 1
INDICATED. 2
(2) “CONSERVE” MEANS TO PERMAN ENTLY PROTECT LAND F ROM 3
DEVELOPMENT THROUGH PURCHASE, DONATION, A PERPETUAL CONSERVA TION OR 4
AN OPEN SPACE EASEMENT , OR FEE OWNERSHIP IN ORDER TO PRESERVE TH E 5
CULTURAL, HISTORICAL, ECOLOGICAL, OR AGRICULTURAL VALU E OF THE LAND. 6
(3) “SMART GROWTH SUBCABINET” MEANS THE SUBCABINET 7
ESTABLISHED UNDER § 9–1406 OF THE STATE GOVERNMENT ARTICLE. 8
(B) (1) IT IS THE INTENT OF T HE GENERAL ASSEMBLY THAT : 9
(I) BY 2030, 30% OF LANDS IN THE STATE ARE CONSERVED ; 10
AND 11
(II) BY 2040, 40% OF LANDS IN THE STATE ARE CONSERVED . 12
(2) THE CONSERVATION GOAL S ESTABLISHED UNDER PA RAGRAPH 13
(1) OF THIS SUBSECTION S HALL BE ACCOMPLISHED THROUGH MULTIPLE EFFORTS 14
INCLUDING: 15
(I) WORKING WITH LOCAL CO MMUNITIES, COUNTIES, 16
MUNICIPALITIES , AMERICAN INDIAN COMMUNITIE S, AND PRIVATE LANDOWNE RS TO 17
CONSERVE NATURAL PLA CES AND RESOURCES ; 18
(II) IMPROVING ACCESS TO N ATURE FOR ALL INDIVI DUALS IN 19
THE STATE, INCLUDING COMMUNITIE S OF COLOR AND ECONO MICALLY 20
DISADVANTAGED COMMUN ITIES; 21
(III) SEQUESTERING CARBON A ND GREENHOUSE GAS EMISS IONS 22
IN THE LANDS AND WATERS OF THE STATE; 23
(IV) INCREASING PUBLIC INC ENTIVES FOR PRIVATE 24
LANDOWNERS TO VOLUNT ARILY CONSERVE AND P ROTECT AREAS OF 25
DEMONSTRATED CONSERV ATION VALUE AND AREAS THAT HAVE A HIGH CAP ACITY 26
TO SEQUESTER CARBON AND GREENHOUSE GAS E MISSIONS; 27
(V) FOCUSING CONSERVATION WORK AT A LARGE LANDSCAPE 28
SCALE THAT IS BIOLOG ICALLY AND ECOLOGICALLY MEA NINGFUL; 29
(VI) PREVENTING THE EXTINCTION OF NATIVE PLANT AND 30
ANIMAL SPECIES BY RE COVERING AND RESTORI NG THE SPECIES; 31 HOUSE BILL 1031 7
(VII) STABILIZING ECOSYSTEM S AND ECOSYSTEM SERV ICES, 1
RESTORING DEGRADED E COSYSTEMS, AND MAINTAINING ECOL OGICAL FUNCTIONS ; 2
AND 3
(VIII) INCREASING ECONOMIC O PPORTUNITIES FOR FAR MERS, 4
RANCHERS, FISHERS, AND FORESTERS . 5
(C) (1) IN ORDER TO MEET THE CONSERVATION GOALS ESTABLISHED 6
UNDER SUBSECTION (B) OF THIS SECTION , THE SMART GROWTH SUBCABINET, IN 7
COORDINATION WITH RE LEVANT STAKEHOLDERS , SHALL: 8
(I) COORDINATE THE ACTION S OF STATE AGENCIES , LOCAL 9
GOVERNMENT S, AND NONGOVERNMENTAL PARTNERS; 10
(II) ON OR BEFORE JULY 1, 2023, DEVELOP AND PUBLISH A 11
PLAN TO MEET THE STATE’S CONSERVATION GOALS AND UPDATE AS NEEDED AND 12
NOT LESS THAN EVERY 5 YEARS THEREAFTER ; AND 13
(III) ON OR BEFORE DECEMBER 1, 2023, AND EACH DECEMBER 14
1 THEREAFTER , REPORT TO THE SENATE EDUCATION, HEALTH, AND 15
ENVIRONMENTAL AFFAIRS COMMITTEE AND THE HOUSE ENVIRONMENT AND 16
TRANSPORTATION COMMITTEE, IN ACCORDANCE WITH § 2–1257 OF THE STATE 17
GOVERNMENT ARTICLE, ON THE STATE’S PROGRESS TOWARD ME ETING THE 18
CONSERVATION GOALS . 19
(2) THE SMART GROWTH SUBCABINET SHALL MAKE THE ANNUAL 20
REPORT REQUIRED UNDE R PARAGRAPH (1)(III) OF THIS SUBSECTION A VAILABLE ON 21
ITS WEBSITE. 22
5–307. 23
(b) There is a Mel Noland Woodland Incentives and Fellowship Fund in the 24
Department. 25
(f) (1) The Fund consists of: 26
(i) As provided in § 13–306 of the Tax – Property Article, up to 27
$200,000 annually of the proceeds of the tax imposed by § 13–302 of the Tax – Property 28
Article that are attributable to the taxation of instruments of writing that transfer title to 29
parcels of land that are entirely woodland; 30
(ii) Revenues collected by the Department from the payment of 31
charges imposed for Department assistance in implementation of an approved practice; 32 8 HOUSE BILL 1031
(iii) Money distributed from the Chesapeake and Atlantic Coastal 1
Bays 2010 Trust Fund under § 8–2A–04 of this article; 2
(iv) Subject to approval by the Secretary and the Board of Public 3
Works, a portion of the revenues derived from the forestry practices on designated lands 4
owned and managed by the Department, that are conducted in accordance with applicable 5
State law and regulation; and 6
(v) Money appropriated to the Fund under paragraph (2) of this 7
subsection. 8
(2) (I) For fiscal [year] YEARS 2021 [and each fiscal year thereafter] 9
THROUGH 2023, the Governor shall include in the annual budget bill an appropriation of 10
$50,000 to the Fund. 11
(II) FOR FISCAL YEAR 2024 AND EACH FISCAL YEAR 12
THEREAFTER , THE GOVERNOR SHALL INCLUD E IN THE ANNUAL BUDG ET BILL AN 13
APPROPRIATION OF $1,000,000 TO THE FUND. 14
SUBTITLE 9D. GREENSPACE EQUITY PROGRAM. 15
5–9D–01. 16
(A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 17
INDICATED. 18
(B) “BOARD” MEANS THE GREENSPACE EQUITY BOARD. 19
(C) (1) “COMMUNITY GREENSPACE” MEANS A COMMUNITY SPACE TH AT 20
ENHANCES THE PUBLIC HEALTH AND LIVABILIT Y OF A COMMUNITY . 21
(2) “COMMUNITY GREENSPACE ” INCLUDES: 22
(I) A COMMUNITY GARDEN ; 23
(II) A COMMUNITY GATHERING OPEN SPACE AREA ; 24
(III) A COMMUNITY WOODLAND ; 25
(IV) A GREEN NETWORK ; 26
(V) A PARK; 27
HOUSE BILL 1031 9
(VI) A TRAIL; AND 1
(VII) AN URBAN FARM . 2
(D) “ELIGIBLE APPLICANT ” MEANS: 3
(1) A LAND TRUST OR OTHER NONGOVERNMENTAL ORGA NIZATION 4
LOCATED OR WORKING I N AN UNDERSERVED ARE A WHERE A PROJECT IS PROPOSED 5
TO BE IMPLEMENTED ; OR 6
(2) A COUNTY OR MUNICIPALI TY. 7
(E) “GREEN NETWORK ” MEANS A SYSTEM OF GREENSPACES THAT ARE 8
INTERCONNECTED BY LI NEAR CORRIDORS THAT FACILITATE THE MOVEM ENT OF 9
PEOPLE AND WILDLIFE . 10
(F) “PROGRAM” MEANS THE GREENSPACE EQUITY PROGRAM. 11
(G) (1) “STEWARDSHIP ” MEANS ACTIVITIES UNDERTAKE N TO MAINTAIN 12
THE CONSERVATION VAL UES AND PUBLIC USE O F A PROPERTY. 13
(2) “STEWARDSHIP ” DOES NOT INCLUDE THE OPERATING EXPENS ES 14
OF A GRANT RECIPIENT . 15
(H) “UNDERSERVED AREA ” HAS THE MEANING INDI CATED IN § 8–1911 OF 16
THIS ARTICLE. 17
5–9D–02. 18
(A) THERE IS A GREENSPACE EQUITY PROGRAM. 19
(B) THE PURPOSE OF THE PROGRAM IS TO ENHANCE THE PUBLIC H EALTH 20
AND LIVABILITY OF UN DERSERVED AREAS BY I MPLEMENTING PROJECTS TO 21
PRESERVE, CREATE, AND ENHANCE COMMUNIT Y GREENSPACE . 22
(C) (1) THE PROGRAM IS ADMINISTER ED BY THE DEPARTMENT . 23
(2) IN ADMINISTERING THE PROGRAM, THE DEPARTMENT SHALL : 24
(I) DEVELOP AN APPLICATION FOR THE PROGRAM; 25
(II) PUBLICIZE THE PROGRAM; 26
10 HOUSE BILL 1031
(III) PROVIDE TECHNICAL ASS ISTANCE TO PROGRAM 1
APPLICANTS; AND 2
(IV) RECOMMEND GRANT AWARD S TO THE BOARD. 3
(D) IN CARRYING OUT THE PURPOSE ESTABLIS HED IN SUBSECTION (B) OF 4
THIS SECTION, THE BOARD SHALL: 5
(1) ADVISE THE DEPARTMENT ON THE ADM INISTRATION OF THE 6
PROGRAM; AND 7
(2) APPROVE GRANT AWARDS . 8
(E) AN APPLICATION SUBMITTE D TO THE DEPARTMENT FOR THE PROGRAM 9
SHALL INCLUDE EVIDENCE OF SUPPORT FROM THE LOCAL GOVER NMENT AND THE 10
UNDERSERVED COMMUNIT Y IN WHICH THE PROJE CT WILL BE LOCATED . 11
(F) (1) BEGINNING IN FISCAL YEAR 2024, THE DEPARTMENT SHALL 12
MAKE GRANT S TO ELIGIBLE APPLIC ANTS FOR GREENSPACE EQUITY PROJECTS IN 13
UNDERSERVED AREAS . 14
(2) A GRANT RECEIVED UNDER THIS SUBSECTION MAY BE USED FOR: 15
(I) LAND ACQUISITION , APPRAISALS, ENVIRONMENTAL 16
ASSESSMENTS , SITE DEVELOPMENT , AND OTHER EXPENSES A ND MATERIALS 17
RELATED TO PLANNING AND IMPLEMENTING A P ROJECT, INCLUDING 18
DEVELOPMENT OR MAINT ENANCE OF THE SITE F OR PUBLIC USE; 19
(II) ADMINISTRATIVE COSTS IN AN AMOUNT NOT MORE THAN 20
3% OF THE TOTAL PROJECT COST, OR $15,000, WHICHEVER IS GREATER ; OR 21
(III) STEWARDSHIP OF A PROJ ECT THAT PREVIOUSLY RECEIVED 22
A GRANT UNDER THE PROGRAM OR A PROJECT THAT WOULD QUALIFY F OR A GRANT 23
UNDER THE PROGRAM BUT EXISTED BEFORE JULY 1, 2023. 24
(3) IN AWARDING GRANTS UN DER THIS SUBSECTION , THE 25
DEPARTMENT SHALL CONS IDER: 26
(I) THE EXTENT TO WHICH T HE PROJECT ENGAGES A ND IS 27
SUPPORTED BY RESIDEN TS, ORGANIZATIONS , AND BUSINESSES LOCAT ED IN THE 28
UNDERSERVED AREA IN WHICH THE PROJECT WI LL BE LOCATED; 29
HOUSE BILL 1031 11
(II) THE AMOUNT OF FINANCI AL OR IN–KIND CONTRIBUTIONS 1
FOR IMPLEMENTATION O F THE PROJECT, IF APPLICABLE; AND 2
(III) THE DEGREE TO WHICH T HE PROJECT ENHANCES THE 3
PUBLIC HEALTH , LIVABILITY, AND COMMUNITY OPEN S PACE IN THE UNDERSER VED 4
AREA. 5
(4) THE DEPARTMENT SHALL RESE RVE AT LEAST 50% OF THE 6
ANNUAL APPROPRIATION TO THE PROGRAM FOR GRANTS TO LOCAL LAND TRUSTS 7
AND OTHER NONGOVERNM ENTAL ORGANIZATIONS . 8
5–9D–03. 9
(A) THERE IS A GREENSPACE EQUITY BOARD IN THE DEPARTMENT . 10
(B) THE PURPOSE OF THE BOARD IS TO ADMINISTER THE GREENSPACE 11
EQUITY PROGRAM. 12
(C) THE BOARD CONSISTS OF THE FOLLOWING MEMBERS : 13
(1) THE SECRETARY OF AGRICULTURE, OR THE SECRETARY’S 14
DESIGNEE; 15
(2) THE SECRETARY OF NATURAL RESOURCES, OR THE 16
SECRETARY’S DESIGNEE; 17
(3) THE SECRETARY OF HOUSING AND COMMUNITY DEVELOPMENT , 18
OR THE SECRETARY’S DESIGNEE; 19
(4) THE SECRETARY OF PLANNING, OR THE SECRETARY’S DESIGNEE; 20
AND 21
(5) TWO MEMBERS APPOINTED BY THE GOVERNOR, WHO: 22
(I) HAVE EXPERIENCE IN PR OVIDING RECREATIONAL AND 23
GREENSPACE OPPORTUNI TIES IN UNDERSERVED AREAS; AND 24
(II) ARE REPRESENTATIVE OF THE DIVERSITY OF THE STATE. 25
(D) THE SECRETARY OF NATURAL RESOURCES SHALL SERVE AS CHAIR OF 26
THE BOARD. 27
12 HOUSE BILL 1031
(E) (1) THE DEPARTMENT OF NATURAL RESOURCES SHALL PROVI DE 1
STAFF FOR THE BOARD. 2
(2) THE DEPARTMENT OF AGRICULTURE , THE DEPARTMENT OF 3
HOUSING AND COMMUNITY DEVELOPMENT , AND THE DEPARTMENT OF PLANNING 4
MAY PROVIDE STAFF FO R THE BOARD. 5
5–9D–04. 6
THE GOVERNOR SHALL INCLUD E IN THE ANNUAL BUDG ET BILL THE 7
FOLLOWING APPROPRIAT IONS TO THE PROGRAM: 8
(1) $3,000,000 IN FISCAL YEAR 2024; AND 9
(2) $5,000,000 IN FISCAL YEAR 2025 AND EACH FISCAL YEAR 10
THEREAFTER . 11
Article – State Finance and Procurement 12
6–226. 13
(a) (2) (i) Notwithstanding any other provision of law, and unless 14
inconsistent with a federal law, grant agreement, or other federal requirement or with the 15
terms of a gift or settlement agreement, net interest on all State money allocated by the 16
State Treasurer under this section to special funds or accounts, and otherwise entitled to 17
receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 18
Fund of the State. 19
(ii) The provisions of subparagraph (i) of this paragraph do not apply 20
to the following funds: 21
144. the Health Equity Resource Community Reserve Fund; 22
[and] 23
145. the Access to Counsel in Evictions Special Fund; AND 24
146. THE LOCAL LAND TRUST REVOLVING LOAN FUND. 25
SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect 26
October 1, 2022. 27