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<section article="gsg" article_name="State Government" number="9-4107" title_number="9" title_name="Miscellaneous Executive Agencies" subtitle_number="41" subtitle_name="Department of Social and Economic Mobility">
  <level label="a">
    <text>In this section, “Fund” means the Department of Social and Economic Mobility Special Fund.</text>
  </level>
  <level label="b">
    <text>There is a Department of Social and Economic Mobility Special Fund.</text>
  </level>
  <level label="c">
    <text>The purpose of the Fund is to pay the costs of the operation of:</text>
    <level label="1">
      <text>the Office of Social Equity; and</text>
    </level>
    <level label="2">
      <text>the Office of Minority Business Enterprises.</text>
    </level>
  </level>
  <level label="d">
    <text>The Department 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">
    <level label="1">
      <text>The Fund consists of:</text>
      <level label="i">
        <text>revenue distributed to the Fund under § 2–1302.2 of the Tax – General Article;</text>
      </level>
      <level label="ii">
        <text>money appropriated in the State budget to the Fund;</text>
      </level>
      <level label="iii">
        <text>interest earnings of the Fund; and</text>
      </level>
      <level label="iv">
        <text>any other money from any other source accepted for the benefit of the Fund.</text>
      </level>
    </level>
    <level label="2">
      <text>The Governor shall include in the annual budget bill an appropriation from the Transportation Trust Fund to the Fund equal to the amount necessary to defray the operations and administrative expenses of the Office of Minority Business Enterprises.</text>
    </level>
  </level>
  <level label="g">
    <text>The Fund may be used only for paying the costs of the operation and administrative expenses of:</text>
    <level label="1">
      <text>the Office of Social Equity; and</text>
    </level>
    <level label="2">
      <text>the Office of Minority Business Enterprises.</text>
    </level>
  </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">
    <text>Money expended from the Fund for the Office of Social Equity or the Office of Minority Business Enterprises is supplemental to and is not intended to take the place of funding that otherwise would be appropriated for the Office of Social Equity or the Office of Minority Business Enterprises.</text>
  </level>
</section>
