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<section article="gab" article_name="Alcoholic Beverages and Cannabis" number="36-206" title_number="36" title_name="Medical and Adult-Use Cannabis" subtitle_number="2" subtitle_name="Maryland Cannabis Administration">
  <level label="a">
    <text>In this section, “Fund” means the Cannabis Regulation and Enforcement Fund.</text>
  </level>
  <level label="b">
    <text>There is a Cannabis Regulation and Enforcement Fund.</text>
  </level>
  <level label="c">
    <text>The purpose of the Fund is to provide funds to cover the costs of:</text>
    <level label="1">
      <text>the operation of the Administration;</text>
    </level>
    <level label="2">
      <text>administering and enforcing this title; and</text>
    </level>
    <level label="3">
      <text>supporting the Social Equity Partnership Grant Program established under § 1–323 of this article.</text>
    </level>
  </level>
  <level label="d">
    <text>The Administration shall administer the Fund.</text>
  </level>
  <level label="e">
    <level label="1">
      <text>The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.</text>
    </level>
    <level label="2">
      <text>The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.</text>
    </level>
  </level>
  <level label="f">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>fees distributed to the Fund under § 36–205 of this subtitle;</text>
    </level>
    <level label="2">
      <text>revenue distributed to the Fund under § 2–1302.2 of the Tax – General Article;</text>
    </level>
    <level label="3">
      <text>interest earnings of the Fund; and</text>
    </level>
    <level label="4">
      <text>any other money from any other source accepted for the benefit of the Fund, in accordance with any conditions adopted by the Commission for the acceptance of donations or gifts to the Fund.</text>
    </level>
  </level>
  <level label="g">
    <text>The Fund may be used for carrying out this title and supporting the Social Equity Partnership Grant Program established under § 1–323 of this article.</text>
  </level>
  <level label="h">
    <level label="1">
      <text>The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.</text>
    </level>
    <level label="2">
      <text>Any interest earnings of the Fund shall be credited to the Fund.</text>
    </level>
  </level>
  <level label="i">
    <text>The Fund is subject to audit by the Office of Legislative Audits as provided for in § 2–1220 of the State Government Article.</text>
  </level>
  <level label="j">
    <level label="1">
      <text>On or before March 15 each year, the Administration shall publish on its website a detailed report on revenue distributed to and expenditures from the Fund.</text>
    </level>
    <level label="2">
      <text>The report shall also be submitted to the General Assembly in accordance with § 2–1257 of the State Government Article.</text>
    </level>
  </level>
</section>
