Maryland § 12-714 - IN EFFECT
Full text of Maryland Maryland Code § 12-714 — IN EFFECT, with citation guidance and answers to common questions.
§ 12-714. IN EFFECT
IN EFFECT
// EFFECTIVE UNTIL SEPTEMBER 30, 2029 PER CHAPTERS 215 AND 216 OF 2025 //
(a) In this section, “Fund” means the West North Avenue Development Authority Fund.
(b) There is a West North Avenue Development Authority Fund.
(c) The purpose of the Fund is to provide funds for the Authority to use for consulting fees, salaries, and administrative expenses.
(d) The Authority 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) The Fund consists of:
(1) money appropriated in the State budget to the Fund;
(2) interest earnings; and
(3) any other money from any other source accepted for the benefit of the Fund.
(g) The Fund may be used only for administrative purposes and to carry out the functions of this subtitle.
(h) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(i) Expenditures from the Fund may be made only in accordance with the State budget.
Frequently Asked Questions About Maryland § 12-714
What does Maryland Code § 12-714 cover?
Section 12-714 ("IN EFFECT") 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 § 12-714?
A common citation format is "Maryland Code § 12-714" (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 § 12-714 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.