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<section article="ghs" article_name="Housing and Community Development" number="4-503" title_number="4" title_name="Division of Development Finance" subtitle_number="5" subtitle_name="Funds">
  <level label="a">
    <text>In this section, “Fund” means the Partnership Rental Housing Fund.</text>
  </level>
  <level label="b">
    <text>There is a Partnership Rental Housing Fund.</text>
  </level>
  <level label="c">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>money appropriated by the State to the Partnership Rental Housing Program;</text>
    </level>
    <level label="2">
      <text>money made available to the Partnership Rental Housing Program from the sale of general obligation or other bonds including the proceeds of the sale of bonds authorized by Chapter 625 of the Acts of the General Assembly of 1988 and Chapter 97 of the Acts of the General Assembly of 1989;</text>
    </level>
    <level label="3">
      <text>investment earnings of the Fund; and</text>
    </level>
    <level label="4">
      <text>repayment of loans from the Fund except to the extent any State or federal law governing the proceeds of bonds prohibits the recycling of money.</text>
    </level>
  </level>
  <level label="d">
    <text>Subject to the approval of the Legislative Policy Committee and § 7–209 of the State Finance and Procurement Article, after the first 8 months of a fiscal year, the Department may transfer unencumbered money in the Fund among the Partnership Rental Housing Fund, the Rental Housing Programs Fund, the Homeownership Programs Fund, and the Special Loan Programs Fund, if the Secretary determines that demand is:</text>
    <level label="1">
      <text>less than anticipated for the fund from which money is being transferred; and</text>
    </level>
    <level label="2">
      <text>greater than anticipated for the fund to which money is being transferred.</text>
    </level>
  </level>
</section>
