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<section article="ged" article_name="Education" number="13-104" title_number="13" title_name="University of Maryland -- General Provisions" subtitle_number="1" subtitle_name="Branches, Commissions, and Institutes">
  <level label="a">
    <text>In this section, “Fund” means the Small Business Development Center Network Fund.</text>
  </level>
  <level label="b">
    <text>There is a Small Business Development Center Network Fund.</text>
  </level>
  <level label="c">
    <text>The purpose of the Fund is to provide matching funds for federal grant funds and to support the operations of the Small Business Development Center Network in the University of Maryland, College Park Campus.</text>
  </level>
  <level label="d">
    <text>The Fund is a special, continuous, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.</text>
  </level>
  <level label="e">
    <text>The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.</text>
  </level>
  <level label="f">
    <text>The proceeds of the Fund shall be invested and reinvested.</text>
  </level>
  <level label="g">
    <text>Any investment earnings of the Fund shall be credited to the General Fund of the State.</text>
  </level>
  <level label="h">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>Any money appropriated to the Fund;</text>
    </level>
    <level label="2">
      <text>Any federal grant funds; and</text>
    </level>
    <level label="3">
      <text>Any other money from any other source accepted for the benefit of the Fund.</text>
    </level>
  </level>
  <level label="i">
    <text>Money in the Fund may only be expended to support the operations of the Small Business Development Center Network.</text>
  </level>
  <level label="j">
    <text>For the fiscal year beginning July 1, 2021, and each fiscal year thereafter, the Governor shall include in the annual budget bill a General Fund appropriation of at least $1,150,000 to the Fund.</text>
  </level>
</section>
