Maryland § 2-1401
Full text of Maryland Maryland Code § 2-1401, with citation guidance and answers to common questions.
§ 2-1401.
(a) In this section, “Fund” means the Maryland Dairy Farmer Emergency Trust Fund.
(b) There is a Maryland Dairy Farmer Emergency Trust Fund.
(c) The purpose of the Fund is to provide financial assistance to dairy farmers during periods of economic hardship due to depressed milk prices.
(d) The Secretary shall administer the Fund.
(e) (1) At the end of each fiscal year, any unspent or unencumbered balance in the Fund that exceeds $15,000,000 shall revert to the General Fund in accordance with § 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;
(ii) Any investment earnings of the Fund; and
(iii) Any other money from any other source accepted for the benefit of the Fund.
(2) The Governor may include an appropriation in the State budget each fiscal year for the Fund.
(g) The Fund may be used only to provide financial assistance to dairy farmers during periods of economic hardship due to depressed milk prices.
(h) (1) The Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any investment earnings of the Fund shall be credited to the Fund.
(i) The Secretary shall establish procedures for dairy farmers to apply for financial assistance from the Fund.
Frequently Asked Questions About Maryland § 2-1401
What does Maryland Code § 2-1401 cover?
Section 2-1401 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 2-1401?
A common citation format is "Maryland Code § 2-1401" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 2-1401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.