<?xml version='1.0' encoding='utf-8'?>
<section article="ged" article_name="Education" number="5-243" title_number="5" title_name="Financing" subtitle_number="2" subtitle_name="Aid to Education">
  <level label="a">
    <text>In this section, “Fund” means the Maggie McIntosh School Arts Fund.</text>
  </level>
  <level label="b">
    <text>There is a Maggie McIntosh School Arts Fund.</text>
  </level>
  <level label="c">
    <text>The purpose of the Fund is to provide grants to public schools in Baltimore City to purchase art supplies for classrooms.</text>
  </level>
  <level label="d">
    <text>Arts Every Day shall administer the Fund.</text>
  </level>
  <level label="e">
    <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="f">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>Revenue distributed to the Fund under § 9–120(b)(1)(viii) of the State Government Article;</text>
    </level>
    <level label="2">
      <text>Money appropriated in the State budget to the Fund;</text>
    </level>
    <level label="3">
      <text>Interest earnings or other income earned from the investment of any money from 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="g">
    <text>The Fund shall be used to expand the arts curriculum for students in public schools in Baltimore City with grants to:</text>
    <level label="1">
      <text>Purchase art supplies for classrooms; and</text>
    </level>
    <level label="2">
      <text>Provide arts experiences.</text>
    </level>
  </level>
  <level label="h">
    <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 interest earnings of the Fund shall be credited to the Fund.</text>
    </level>
  </level>
  <level label="i">
    <text>Expenditures from the Fund may be made only in accordance with the State budget.</text>
  </level>
</section>
