Maryland § 2-1504
Full text of Maryland Maryland Code § 2-1504, with citation guidance and answers to common questions.
§ 2-1504.
(a) There is a Zero–Emission Vehicle School Bus Transition Fund.
(b) The purpose of the Fund is to provide funding for the Program.
(c) The Department, in consultation with the State Department of Education, shall administer the Fund.
(d) (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.
(e) The Fund consists of:
(1) Money appropriated in the State budget to the Fund;
(2) Interest earnings of the Fund;
(3) Donations;
(4) Money derived from legal settlements earmarked for the purpose of transitioning to school buses that are zero–emission vehicles; and
(5) Any other money from any other source accepted for the benefit of the Fund.
(f) The Fund may be used only for the Program.
(g) (1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any interest earnings of the Fund shall be credited to the Fund.
(h) Expenditures from the Fund may be made only in accordance with the State budget.
(i) Money expended from the Fund for the Program is supplemental to and is not intended to take the place of funding that otherwise would be appropriated for the Program.
Frequently Asked Questions About Maryland § 2-1504
What does Maryland Code § 2-1504 cover?
Section 2-1504 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 § 2-1504?
A common citation format is "Maryland Code § 2-1504" (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 § 2-1504 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.