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<section article="gag" article_name="Agriculture" number="2-708.2" title_number="2" title_name="Department of Agriculture" subtitle_number="7" subtitle_name="Maryland Horse Industry Board">
  <level label="a">
    <text>In this section, “Fund” means the Maryland Horse Industry Fund.</text>
  </level>
  <level label="b">
    <text>There is a Maryland Horse Industry Fund in the Department.</text>
  </level>
  <level label="c">
    <level label="1">
      <text>The Fund is a continuing, revolving special fund to be maintained by the State Treasurer.</text>
    </level>
    <level label="2">
      <text>The State Treasurer shall hold and the State Comptroller shall account for the Fund.</text>
    </level>
  </level>
  <level label="d">
    <text>The Fund shall be invested and reinvested. Any interest or other investment earnings of the Fund shall be credited and paid into the Fund.</text>
  </level>
  <level label="e">
    <text>At the end of a fiscal year, any unspent or unencumbered balance in the Fund may not revert to the General Fund of the State.</text>
  </level>
  <level label="f">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>Money made available from an assessment on equine feed as required under § 6–107.2 of this article;</text>
    </level>
    <level label="2">
      <text>Money made available to the Fund by general, federal, or special fund appropriations;</text>
    </level>
    <level label="3">
      <text>Money made available to the Fund by gifts, grants or transfers from any government or unit or instrumentality of a government or from any private sector sources; and</text>
    </level>
    <level label="4">
      <text>Money made available from licensing and inspection of horse stables as required under §§ 2–711, 2–712, and 2–713 of this subtitle.</text>
    </level>
  </level>
  <level label="g">
    <text>The Board shall use the money in the Fund in accordance with the provisions of § 2–708 of this subtitle.</text>
  </level>
  <level label="h">
    <text>Except for the purposes in § 2–708.1 of this subtitle, the Board may not use any money in the Fund for any other purpose of the Board.</text>
  </level>
</section>
