§ 1–703
Statutes in effect as of October 1, 2026.
Md. Code Ann., Nat. Res. § 1-703 (2026)
Title 1. Department of Natural Resources
Subtitle 7. State Chesapeake Bay and Endangered Species Fund
§ 1–703LinkCopy Citation
(a)
(1)
The Secretary may distribute not more than 5% of the net proceeds of the Fund to a promotional account to be used to promote further donations to the Fund.
(2)
Money in the Fund may be used for administrative costs calculated in accordance with § 1–103(b)(2) of this title.
(b)
After making the distributions allowed under subsection (a) of this section, the Secretary shall distribute the remainder of the net proceeds of the Fund as follows:
(1)
50% to the Chesapeake Bay Trust established under § 8–1902 of this article, to be used by the Trust only as provided in § 1–704 of this subtitle; and
(2)
50% to an endangered species account, to be used only to conserve nongame, threatened and endangered species as provided in § 1–705 of this subtitle.