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<subtitle num="05" heading="Maryland Veterans Trust Fund" title_num="35" title_heading="Maryland Department of Veterans and Military Families">
  <chapter num="01" heading="General Regulations">
    <regulation prefix="Regulation" num=".01" heading="Purpose.">
      <text>To carry out the responsibilities and goals of the Department, there is a Maryland Veterans Trust Fund within the Department.</text>
    </regulation>
    <regulation prefix="Regulation" num=".02" heading="Definition.">
      <paragraph num="A.">
        <text>In this subtitle, the following term has the meaning indicated.</text>
      </paragraph>
      <paragraph num="B.">
        <text>Term Defined. “Fund” has the meaning stated in State Government Article, §9-913(a), Annotated Code of Maryland.</text>
      </paragraph>
    </regulation>
    <regulation prefix="Regulation" num=".03" heading="General.">
      <paragraph num="A.">
        <text>The Fund consists of gifts and grants that the Department receives under State Government Article, §9-912(b), Annotated Code of Maryland.</text>
      </paragraph>
      <paragraph num="B.">
        <text>The Secretary shall administer the Fund.</text>
      </paragraph>
      <paragraph num="C.">
        <text>The Maryland Veterans Commission, the Maryland Veterans' Home Commission, and program directors shall advise the Secretary on the administration of the Fund.</text>
      </paragraph>
      <paragraph num="D.">
        <text>The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.</text>
      </paragraph>
      <paragraph num="E.">
        <text>The State Treasurer shall invest the money in the Fund in the same manner as other State money may be invested.</text>
      </paragraph>
      <paragraph num="F.">
        <text>Any investment earnings of the Fund shall be credited to the Fund.</text>
      </paragraph>
      <paragraph num="G.">
        <text>The Fund is a special, nonlapsing fund that is not subject to reversion under State Finance and Procurement Article, §7-302, Annotated Code of Maryland.</text>
      </paragraph>
      <paragraph num="H.">
        <text>Money expended from the Fund is supplemental to and is not intended to take the place of funding that would otherwise be appropriated to the Department.</text>
      </paragraph>
    </regulation>
    <regulation prefix="Regulation" num=".04" heading="Use of Fund.">
      <text>Unless the terms of a gift or grant require otherwise, and subject to the approval of the Secretary, money in the Fund may:</text>
      <paragraph num="A.">
        <text>Be used to provide grants or loans to:</text>
        <paragraph num="(1)">
          <text>Veterans and their families;</text>
        </paragraph>
        <paragraph num="(2)">
          <text>Public and private programs that support veterans and their families; or</text>
        </paragraph>
        <paragraph num="(3)">
          <text>Any other programs that the Secretary considers appropriate; or</text>
        </paragraph>
      </paragraph>
      <paragraph num="B.">
        <text>Be invested, including all or part of the principal and income, in:</text>
        <paragraph num="(1)">
          <text>General obligations of the State; or</text>
        </paragraph>
        <paragraph num="(2)">
          <text>Any other security.</text>
        </paragraph>
      </paragraph>
    </regulation>
    <annotations>
      <annotation type="Authority">State Government Article, §§9-902, 9-912, and 9-913, Annotated Code of Maryland</annotation>
      <annotation type="History" subtype="Administrative History">Effective date:</annotation>
      <annotation type="History" subtype="Administrative History">Regulations .01—.04 adopted as an emergency provision effective October 1, 2009 (36:21 Md. R. 1588); emergency status expired effective March 1, 2010</annotation>
      <annotation type="History" subtype="Administrative History">Regulations .01—.04 adopted effective September 6, 2010 (37:18 Md. R. 1216)</annotation>
    </annotations>
  </chapter>
</subtitle>