Maryland § 4-503
Full text of Maryland Maryland Code § 4-503, with citation guidance and answers to common questions.
§ 4-503.
(a) In this section, “Fund” means the Partnership Rental Housing Fund.
(b) There is a Partnership Rental Housing Fund.
(c) The Fund consists of:
(1) money appropriated by the State to the Partnership Rental Housing Program;
(2) money made available to the Partnership Rental Housing Program from the sale of general obligation or other bonds including the proceeds of the sale of bonds authorized by Chapter 625 of the Acts of the General Assembly of 1988 and Chapter 97 of the Acts of the General Assembly of 1989;
(3) investment earnings of the Fund; and
(4) repayment of loans from the Fund except to the extent any State or federal law governing the proceeds of bonds prohibits the recycling of money.
(d) Subject to the approval of the Legislative Policy Committee and § 7–209 of the State Finance and Procurement Article, after the first 8 months of a fiscal year, the Department may transfer unencumbered money in the Fund among the Partnership Rental Housing Fund, the Rental Housing Programs Fund, the Homeownership Programs Fund, and the Special Loan Programs Fund, if the Secretary determines that demand is:
(1) less than anticipated for the fund from which money is being transferred; and
(2) greater than anticipated for the fund to which money is being transferred.
Frequently Asked Questions About Maryland § 4-503
What does Maryland Code § 4-503 cover?
Section 4-503 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 § 4-503?
A common citation format is "Maryland Code § 4-503" (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 § 4-503 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.