CAUTION: READ FULL TEXT OF SECTION FOR SPECIAL NOTE

// SPECIAL NOTE: THE FOLLOWING SECTION WAS ADDED BY CHAPTER 393 OF 2005 AND WILL REMAIN IN EFFECT UNTIL MAY 31, 2010 //

      (a)      There is a Maryland Public Art Fund.

      (b)      The purpose of the Fund is to provide funds to implement the Maryland Public Art Initiative Program.

      (c)      The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.

      (d)      The Treasurer shall hold the Fund and the Comptroller shall account for the Fund.

      (e)      The proceeds of the Fund shall be invested and reinvested in the same manner as other State funds.

      (f)      Any investment earnings shall be paid into the Fund.

      (g)      The Fund consists of:

            (1)      Appropriations in the State budget; and

            (2)      Any other money from any other source accepted for the benefit of the Fund.

      (h)      The Commission shall administer the Fund.

      (i)      Money in the Fund may only be expended to carry out the purposes of this subtitle.

      (j)      Expenditures from the Fund may only be made in accordance with an appropriation approved by the General Assembly in the annual State budget or by an approved budget amendment.

      (k)      (1)      Prior to the award of any grant to a local government under this subtitle, the grantee shall provide and expend a matching fund.

            (2)      No part of the grantee's matching fund may be provided, either directly or indirectly, from funds of the State, whether appropriated or unappropriated.

            (3)      No part of the grantee's matching fund may consist of real property, in kind contributions, or funds expended prior to June 1, 2005.