There is an Urban Agriculture Water and Power Infrastructure Grant Fund. The purpose of the Fund is to provide grants to urban agricultural producers and qualified nonprofit organizations for the purchase and installation of: Agriculture equipment associated with water supply and irrigation; and Electric power access. The Secretary shall administer the Fund. The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article. The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund. The Fund consists of: Money appropriated in the State budget to the Fund; Money appropriated to the Fund under § 13–209 of the Tax – Property Article; and Any other money from any other source accepted for the benefit of the Fund. The Fund may be used only for: Providing up to 87.5% of matching funds to urban agricultural producers and qualified nonprofit organizations for the purchase and installation of: Water meters; Water pipes; Irrigation hoses; Electric meters; Electrical lines; or Any other equipment associated with water supply and irrigation or electric power access the Department determines is appropriate; and Administrative costs for the Department to administer the Program. On or before October 15 each year, beginning in 2024, the Department shall submit a report to the Governor and, in accordance with § 2–1257 of the State Government Article, the Senate Budget and Taxation Committee and the House Appropriations Committee on the effectiveness of the funding provided under this section.