<?xml version='1.0' encoding='utf-8'?>
<section article="gec" article_name="Economic Development" number="10-4D-02" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="4D" subtitle_name="Human–relevant Research Fund and Program">
  <level label="a">
    <text>There is a Human–Relevant Research Fund.</text>
  </level>
  <level label="b">
    <text>The purpose of the Fund is to promote State–funded research intended to develop human–relevant alternatives to using nonhuman animals in medical and product testing and research through grants and loans to public and private entities in the State.</text>
  </level>
  <level label="c">
    <text>The Corporation shall administer the Fund.</text>
  </level>
  <level label="d">
    <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="e">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>revenue distributed to the Fund under § 24–2302 of the Health – General Article;</text>
    </level>
    <level label="2">
      <text>money appropriated in the State budget to the Fund;</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.</text>
    </level>
  </level>
  <level label="f">
    <text>Money in the Fund may be used only to:</text>
    <level label="1">
      <text>award grants and loans for State–funded, human–relevant animal testing alternatives research in accordance with the recommendations of the Board; and</text>
    </level>
    <level label="2">
      <text>pay the costs necessary to administer the Fund.</text>
    </level>
  </level>
  <level label="g">
    <level label="1">
      <text>The State Treasurer shall invest the money in 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="h">
    <level label="1">
      <text>The Governor may include in the State budget bill each fiscal year an appropriation to the Fund.</text>
    </level>
    <level label="2">
      <text>Expenditures from the Fund may be made only in accordance with the State budget.</text>
    </level>
  </level>
</section>
