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<section article="gtr" article_name="Transportation" number="2-802.1" title_number="2" title_name="Department of Transportation" subtitle_number="8" subtitle_name="Miscellaneous Grants">
  <level label="a">
    <text>In this section, “Fund” means the Bus Rapid Transit Fund.</text>
  </level>
  <level label="b">
    <text>There is a Bus Rapid Transit Fund.</text>
  </level>
  <level label="c">
    <text>The purpose of the Fund is to:</text>
    <level label="1">
      <text>Provide grants to Montgomery County or Howard County; and</text>
    </level>
    <level label="2">
      <text>Make funding commitments for the issuance of bus rapid transit bonds.</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">
    <text>The Fund consists of:</text>
    <level label="1">
      <text>Revenue distributed to the Fund under § 9–120(b)(1)(xi) of the State Government Article;</text>
    </level>
    <level label="2">
      <text>Money appropriated in the State budget to the Fund;</text>
    </level>
    <level label="3">
      <text>Interest earnings or other income earned from the investment of any money from the Fund; and</text>
    </level>
    <level label="4">
      <text>Any other money from any other source accepted for the benefit of the Fund.</text>
    </level>
  </level>
  <level label="g">
    <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>
</section>
