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<section article="gag" article_name="Agriculture" number="2-1401" title_number="2" title_name="Department of Agriculture" subtitle_number="14" subtitle_name="Maryland Dairy Farmer Emergency Trust Fund">
  <level label="a">
    <text>In this section, “Fund” means the Maryland Dairy Farmer Emergency Trust Fund.</text>
  </level>
  <level label="b">
    <text>There is a Maryland Dairy Farmer Emergency Trust Fund.</text>
  </level>
  <level label="c">
    <text>The purpose of the Fund is to provide financial assistance to dairy farmers during periods of economic hardship due to depressed milk prices.</text>
  </level>
  <level label="d">
    <text>The Secretary shall administer the Fund.</text>
  </level>
  <level label="e">
    <level label="1">
      <text>At the end of each fiscal year, any unspent or unencumbered balance in the Fund that exceeds $15,000,000 shall revert to the General Fund in accordance with § 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">
    <level label="1">
      <text>The Fund consists of:</text>
      <level label="i">
        <text>Money appropriated in the State budget to the Fund;</text>
      </level>
      <level label="ii">
        <text>Any investment earnings of the Fund; and</text>
      </level>
      <level label="iii">
        <text>Any other money from any other source accepted for the benefit of the Fund.</text>
      </level>
    </level>
    <level label="2">
      <text>The Governor may include an appropriation in the State budget each fiscal year for the Fund.</text>
    </level>
  </level>
  <level label="g">
    <text>The Fund may be used only to provide financial assistance to dairy farmers during periods of economic hardship due to depressed milk prices.</text>
  </level>
  <level label="h">
    <level label="1">
      <text>The 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 investment earnings of the Fund shall be credited to the Fund.</text>
    </level>
  </level>
  <level label="i">
    <text>The Secretary shall establish procedures for dairy farmers to apply for financial assistance from the Fund.</text>
  </level>
</section>
