In this subtitle, “Fund” means the Protecting Against Hate Crimes Grant Fund. There is a Protecting Against Hate Crimes Grant Fund. The purpose of the Fund is to make grants to nonprofit organizations, including faith–based organizations, to provide security enhancements to protect against hate crimes. The Executive Director of the Governor’s Office of Crime Prevention and Policy shall: administer the Fund; establish and publish procedures for the distribution of grants to nonprofit organizations, including faith–based organizations; set aside a minimum of $1,000,000 each year for grants to faith–based organizations to increase security measures against faith–based hate crimes, with priority given to applicants that can demonstrate a high prevalence of hate crimes against members of and institutions representing the applicant’s faith; and submit to the General Assembly, in accordance with § 2–1257 of the State Government Article, a report on the distribution of funding before September 1 each year. The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article. The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund. The Fund consists of: money appropriated in the State budget to the Fund; any interest earnings of the Fund; and any other money from any other source accepted for the benefit of the Fund. The Fund may be used only to make grants to nonprofit organizations, including faith–based organizations, to provide security enhancements to protect against hate crimes. The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested. Any interest earnings of the Fund, including interest earnings under subsection (f) of this section, shall be credited to the Fund. Expenditures from the Fund may be made only in accordance with the State budget. Money expended from the Fund for grants to nonprofit organizations, including faith–based organizations, to provide security enhancements to protect against hate crimes is supplemental to and is not intended to take the place of funding that otherwise would be appropriated for providing nonprofit organizations, including faith–based organizations, with security enhancements to protect against hate crimes. For fiscal year 2025 and each fiscal year thereafter, the Governor may include in the annual budget bill an appropriation of $5,000,000 to the Fund.