Maryland § 1-702
Full text of Maryland Maryland Code § 1-702, with citation guidance and answers to common questions.
§ 1-702.
(a) In this section, “Fund” means the State Chesapeake Bay and Endangered Species Fund.
(b) There is a State Chesapeake Bay and Endangered Species Fund.
(c) (1) The net proceeds from contributions under the income tax checkoff system and any other donations to the Fund shall be credited to the Fund.
(2) The Secretary shall administer the Fund.
(3) The Fund shall be used only as provided in §§ 1–703 through 1–705 of this subtitle.
(4) The Treasurer shall hold the Fund separately and the Comptroller shall account for the Fund.
(5) The Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(6) Any investment earnings of the Fund shall be credited to the General Fund of the State.
(7) Expenditures from the Fund may be made only in accordance with the State budget.
(d) The Fund shall be maintained for the purposes stated in this subtitle and unspent portions of the Fund shall remain in the Fund and may not revert to the General Fund of the State.
(e) Money expended from the Fund for the Chesapeake Bay Trust and Endangered Species Conservation programs is supplemental and is not intended to take the place of funding that would otherwise be appropriated to the Department of Natural Resources for the Trust or for those programs.
Frequently Asked Questions About Maryland § 1-702
What does Maryland Code § 1-702 cover?
Section 1-702 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 § 1-702?
A common citation format is "Maryland Code § 1-702" (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 § 1-702 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.