Section 4-1703 - [Effective 10/1/2024] Maryland Entertainment District Security Grant Program Fund(a) In this section, "Fund" means the Maryland Entertainment District Security Grant Program Fund.(b) There is a Maryland Entertainment District Security Grant Program Fund.(c) The purpose of the Fund is to provide funding for grants awarded under the Program.(d) The Governor's Office of Crime Prevention, Youth, and Victim Services shall administer the Fund.(e)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.(f)(1) The Fund consists of: (i) money appropriated in the State budget to the Fund; and(ii) any other money from any other source accepted for the benefit of the Fund.(2) Beginning in fiscal year 2026 and each fiscal year thereafter, the Governor may annually appropriate up to $1,000,000 to the Fund.(g) The Fund may be used only: (1) to fund grants to community organizations, nonprofit entities, and local governments through the Program; and(2) for costs to administer the Fund.(h)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.(2) Any interest earnings of the Fund shall be credited to the General Fund of the State.(i) Expenditures from the Fund may be made only in accordance with the State budget.(j) Money expended from the Fund for the Program is supplemental to and is not intended to take the place of funding that otherwise would be appropriated for the Program.Added by 2024 Md. Laws, Ch. 747,Sec. 1, eff. 10/1/2024.Added by 2024 Md. Laws, Ch. 746,Sec. 1, eff. 10/1/2024.