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<section article="gec" article_name="Economic Development" number="10-905" title_number="10" title_name="Statewide Development Resources and Revenue Authorities" subtitle_number="9" subtitle_name="Maryland Public-Private Partnership Marketing Corporation">
  <level label="a">
    <text>In this section, “Fund” means the Economic Development Marketing Fund.</text>
  </level>
  <level label="b">
    <text>There is an Economic Development Marketing Fund.</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 revolving fund that is not subject to reversion under § 7–302 of the State Finance and Procurement Article.</text>
    </level>
    <level label="2">
      <text>The 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>money appropriated in the State budget to the Fund;</text>
    </level>
    <level label="2">
      <text>money made available to the Fund through federal programs or private contributions;</text>
    </level>
    <level label="3">
      <text>money derived by the Corporation from the sale of advertising, publications, sponsorships, or other promotional or marketing opportunities; or</text>
    </level>
    <level label="4">
      <text>any other money made available to the Corporation for the Fund.</text>
    </level>
  </level>
  <level label="f">
    <level label="1">
      <text>The Fund may be used only to market the State as a location for businesses to locate, retain, or expand their operations through any of the following means:</text>
      <level label="i">
        <text>website management;</text>
      </level>
      <level label="ii">
        <text>media content creation;</text>
      </level>
      <level label="iii">
        <text>social media outreach;</text>
      </level>
      <level label="iv">
        <text>electronic mail marketing to promote events and opportunities for businesses;</text>
      </level>
      <level label="v">
        <text>collateral and display development;</text>
      </level>
      <level label="vi">
        <text>event management; and</text>
      </level>
      <level label="vii">
        <text>any other approaches the Corporation determines to be appropriate.</text>
      </level>
    </level>
    <level label="2">
      <text>The Corporation may conduct these activities directly or through contract providers.</text>
    </level>
  </level>
  <level label="g">
    <level label="1">
      <text>The Treasurer shall invest money in 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 paid into the Fund.</text>
    </level>
  </level>
  <level label="h">
    <text>Nothing in this section may be construed to prevent the Department from expending funds appropriated in the State budget to the Department directly for marketing purposes.</text>
  </level>
</section>
