Maryland § 13-739
Full text of Maryland Maryland Code § 13-739, with citation guidance and answers to common questions.
§ 13-739.
(a) There is a Senator George C. Edwards Fund.
(b) The purpose of the Fund is to provide grant or loan funding to create jobs and significant economic development opportunities in the region.
(c) The Council shall administer the Fund.
(d) (1) The Fund consists of:
(i) appropriations as provided in the State budget;
(ii) interest or other income earned on the investment of money in the Fund; and
(iii) any other money accepted for the benefit of the Fund.
(2) In each of fiscal years 2024 through 2026, the Governor shall include in the annual operating or capital budget bill an appropriation of at least $10,000,000 to the Fund.
(e) Money in the Fund may be used only to:
(1) award grants and provide loans in accordance with § 13–740 of this subtitle; and
(2) pay the costs necessary to administer the Fund, including paying the salary of the Executive Director.
(f) (1) The Fund is a special, nonlapsing fund that is not subject to reversion under § 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.
(3) The State Treasurer shall invest the money in the Fund in the same manner as other State money may be invested.
(4) Any investment earnings of the Fund shall be credited to the Fund.
Frequently Asked Questions About Maryland § 13-739
What does Maryland Code § 13-739 cover?
Section 13-739 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 § 13-739?
A common citation format is "Maryland Code § 13-739" (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 § 13-739 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.