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<section article="ghs" article_name="Housing and Community Development" number="6-510" title_number="6" title_name="Division of Neighborhood Revitalization" subtitle_number="5" subtitle_name="Baltimore Regional Neighborhood Initiative Program">
  <level label="a">
    <text>In this section, “Fund” means the Baltimore Regional Neighborhood Initiative Program Fund.</text>
  </level>
  <level label="b">
    <text>There is a Baltimore Regional Neighborhood Initiative Program Fund.</text>
  </level>
  <level label="c">
    <text>The purpose of the Fund is to provide financial assistance under the Program.</text>
  </level>
  <level label="d">
    <text>The Secretary 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>money appropriated in the State budget to the Fund;</text>
    </level>
    <level label="2">
      <text>earnings from the investment of money in the Fund;</text>
    </level>
    <level label="3">
      <text>repayments of financial assistance provided by the Program;</text>
    </level>
    <level label="4">
      <text>interest earnings of the Fund; and</text>
    </level>
    <level label="5">
      <text>any other money from any other source accepted for the benefit of the Fund.</text>
    </level>
  </level>
  <level label="g">
    <text>The Fund may be used only for providing financial assistance under the Program.</text>
  </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>
  <level label="j">
    <level label="1">
      <text>For fiscal year 2019, the Governor shall include in the budget bill or the capital budget bill an appropriation to the Fund in the amount of $8,000,000.</text>
    </level>
    <level label="2">
      <text>For fiscal year 2020 and each fiscal year thereafter, the Governor shall include in the annual budget bill or the capital budget bill an appropriation for the Fund in the amount of $12,000,000.</text>
    </level>
  </level>
</section>
