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<section article="ghs" article_name="Housing and Community Development" number="4-501" title_number="4" title_name="Division of Development Finance" subtitle_number="5" subtitle_name="Funds">
  <level label="a">
    <level label="1">
      <text>Each fund established under this subtitle is a continuing, nonlapsing special 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 and the Comptroller shall account for each fund established under this subtitle.</text>
    </level>
  </level>
  <level label="b">
    <text>Money in a fund established under this subtitle shall be invested in the same way as other State money.</text>
  </level>
  <level label="c">
    <level label="1">
      <text>In the State budget, the State may appropriate to the Rental Housing Programs Fund and the Special Loan Programs Fund all or part of the money received as repayment of principal or payment of interest on a loan made by the Maryland Housing Rehabilitation Program.</text>
    </level>
    <level label="2">
      <text>The appropriation may be increased by budget amendment.</text>
    </level>
    <level label="3">
      <text>The amount of repayments appropriated to make loans under the Maryland Housing Rehabilitation Program may not exceed $12,000,000 annually.</text>
    </level>
    <level label="4">
      <text>The State may not appropriate repayment of principal and payment of interest to the Maryland Housing Rehabilitation Program to the extent that loans expected to be made with the money appropriated would cause the principal amount of loans outstanding to exceed $100,000,000.</text>
    </level>
  </level>
</section>
