Maryland § 10-130
Full text of Maryland Maryland Code § 10-130, with citation guidance and answers to common questions.
§ 10-130.
(a) In this section, “Fund” means the Dorchester County Economic Development Fund.
(b) There is a Dorchester County Economic Development Fund in the Corporation.
(c) (1) The Fund is a continuing, nonlapsing fund that is not subject to reversion under § 7–302 of the State Finance and Procurement Article.
(2) The Corporation shall manage and administer the Fund on terms and conditions acceptable to the Corporation and the Department.
(3) The Comptroller shall account and collect for the Fund and disburse the revenues to the trustee maintaining the Fund for the Corporation.
(4) Any investment earnings of the Fund shall be paid into the Fund.
(d) The Fund consists of revenues from the hotel surcharge imposed under § 11-102(b) of the Tax - General Article.
(e) (1) The Fund shall be used to:
(i) complete the Corporation project commonly known as the Chesapeake Bay Conference Center; and
(ii) satisfy the full and final settlement of pending construction claims related to the project and any bonds issued in connection with those claims.
(2) The Fund may be pledged by the Corporation to pay bonds issued to satisfy the full and final settlement of pending construction claims on the project.
Frequently Asked Questions About Maryland § 10-130
What does Maryland Code § 10-130 cover?
Section 10-130 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 § 10-130?
A common citation format is "Maryland Code § 10-130" (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 § 10-130 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.