Maryland § 2-708.2
Full text of Maryland Maryland Code § 2-708.2, with citation guidance and answers to common questions.
§ 2-708.2.
(a) In this section, “Fund” means the Maryland Horse Industry Fund.
(b) There is a Maryland Horse Industry Fund in the Department.
(c) (1) The Fund is a continuing, revolving special fund to be maintained by the State Treasurer.
(2) The State Treasurer shall hold and the State Comptroller shall account for the Fund.
(d) The Fund shall be invested and reinvested. Any interest or other investment earnings of the Fund shall be credited and paid into the Fund.
(e) At the end of a fiscal year, any unspent or unencumbered balance in the Fund may not revert to the General Fund of the State.
(f) The Fund consists of:
(1) Money made available from an assessment on equine feed as required under § 6–107.2 of this article;
(2) Money made available to the Fund by general, federal, or special fund appropriations;
(3) Money made available to the Fund by gifts, grants or transfers from any government or unit or instrumentality of a government or from any private sector sources; and
(4) Money made available from licensing and inspection of horse stables as required under §§ 2–711, 2–712, and 2–713 of this subtitle.
(g) The Board shall use the money in the Fund in accordance with the provisions of § 2–708 of this subtitle.
(h) Except for the purposes in § 2–708.1 of this subtitle, the Board may not use any money in the Fund for any other purpose of the Board.
Frequently Asked Questions About Maryland § 2-708.2
What does Maryland Code § 2-708.2 cover?
Section 2-708.2 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 § 2-708.2?
A common citation format is "Maryland Code § 2-708.2" (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 § 2-708.2 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.