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<section article="gec" article_name="Economic Development" number="13-1211" title_number="13" title_name="Regional Development Resources" subtitle_number="12" subtitle_name="Regional Advanced Manufacturing Partnership of Maryland">
  <level label="a">
    <text>There is a Regional Advanced Manufacturing Partnership of Maryland Fund.</text>
  </level>
  <level label="b">
    <text>The purpose of the Fund is to implement this subtitle.</text>
  </level>
  <level label="c">
    <text>The Partnership 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>money appropriated in the State budget to the Fund;</text>
    </level>
    <level label="2">
      <text>money appropriated by Cecil and Harford counties to the Partnership;</text>
    </level>
    <level label="3">
      <text>money made available to the Fund through federal programs;</text>
    </level>
    <level label="4">
      <text>interest and investment earnings of the Fund; and</text>
    </level>
    <level label="5">
      <text>any other money from any other source accepted for the benefit of the Fund.</text>
    </level>
  </level>
  <level label="f">
    <text>The Fund may be used only to:</text>
    <level label="1">
      <text>provide grants for projects that further the purposes of this subtitle; and</text>
    </level>
    <level label="2">
      <text>pay the administrative and operational expenses of the Partnership.</text>
    </level>
  </level>
  <level label="g">
    <level label="1">
      <text>The State 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 paid into the Fund.</text>
    </level>
  </level>
  <level label="h">
    <text>Money provided to the Fund that is not awarded by the end of the fiscal year shall remain in the Fund.</text>
  </level>
</section>
