<?xml version='1.0' encoding='utf-8'?>
<section article="gnr" article_name="Natural Resources" number="8-723" title_number="8" title_name="Waters" subtitle_number="7" subtitle_name="State Boat Act">
  <level label="a">
    <text>In this section, “Fund” means the State Boat Act Fund.</text>
  </level>
  <level label="b">
    <text>There is a State Boat Act Fund in the Department.</text>
  </level>
  <level label="c">
    <text>The Secretary shall administer the Fund.</text>
  </level>
  <level label="d">
    <level label="1">
      <text>The Treasurer shall hold the Fund separately and the Comptroller shall account for the Fund.</text>
    </level>
    <level label="2">
      <text>The Fund shall be invested and reinvested in the same manner as other State funds.</text>
    </level>
    <level label="3">
      <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>
  <level label="e">
    <text>Unless otherwise provided, the Fund consists of:</text>
    <level label="1">
      <text>Money received from any fee and other revenue the Department collects under authority of this subtitle;</text>
    </level>
    <level label="2">
      <text>Money appropriated in the State budget to the Fund; and</text>
    </level>
    <level label="3">
      <text>Any money received and accepted as gifts, contributions, or grants.</text>
    </level>
  </level>
  <level label="f">
    <text>The Department shall use the Fund:</text>
    <level label="1">
      <text>For the administration of this subtitle;</text>
    </level>
    <level label="2">
      <text>To cover the costs of fulfilling the duties and responsibilities of the Department under this title; and</text>
    </level>
    <level label="3">
      <text>For administrative costs calculated in accordance with § 1–103(b)(2) of this article.</text>
    </level>
  </level>
  <level label="g">
    <text>Any investment earnings of the Fund shall be credited to the General Fund of the State.</text>
  </level>
  <level label="h">
    <text>Within the limits of funds available, the Department may enter into any agreement with the federal government, any municipality or other political subdivision of the State, or any private agency to share the cost of any development, construction, or improvement of waterways or of facilities determined to have beneficial value to the boating public.</text>
  </level>
  <level label="i">
    <text>Expenditures from the Fund may be made only in accordance with the State budget.</text>
  </level>
</section>
