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<section article="gec" article_name="Economic Development" number="4-605" title_number="4" title_name="Tourism, Film, and the Arts" subtitle_number="6" subtitle_name="Maryland Public Art Initiative Program">
  <level label="a">
    <text>There is a Maryland Public Art Fund.</text>
  </level>
  <level label="b">
    <text>The purpose of the Fund is to provide money to carry out the Program.</text>
  </level>
  <level label="c">
    <text>The Commission 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 reversion under § 7–302 of the State Finance and Procurement Article.</text>
    </level>
    <level label="2">
      <text>The Treasurer shall hold the Fund and the Comptroller shall account for the Fund.</text>
    </level>
  </level>
  <level label="e">
    <level label="1">
      <text>The Fund consists of:</text>
      <level label="i">
        <text>money appropriated in the State budget for the Program; and</text>
      </level>
      <level label="ii">
        <text>any other money accepted for the benefit of the Fund from any other source.</text>
      </level>
    </level>
    <level label="2">
      <text>Any investment earnings of the Fund shall be paid into the Fund.</text>
    </level>
  </level>
  <level label="f">
    <text>It is the intent of the General Assembly that for each fiscal year, the Governor shall include in the operating or capital budget an appropriation not to exceed $1,000,000 for the Program.</text>
  </level>
  <level label="g">
    <text>The Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.</text>
  </level>
  <level label="h">
    <text>Money in the Fund may only be spent:</text>
    <level label="1">
      <text>to carry out the purposes of this subtitle; and</text>
    </level>
    <level label="2">
      <text>in accordance with the State budget process.</text>
    </level>
  </level>
</section>
