Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 35. Maryland Department of Veterans Affairs |
Subtitle 05. MARYLAND VETERANS TRUST FUND |
Chapter 35.05.01. General Regulations |
Sec. 35.05.01.04. Use of Fund
Latest version.
-
Unless the terms of a gift or grant require otherwise, and subject to the approval of the Secretary, money in the Fund may:
A. Be used to provide grants or loans to:
(1) Veterans and their families;
(2) Public and private programs that support veterans and their families; or
(3) Any other programs that the Secretary considers appropriate; or
B. Be invested, including all or part of the principal and income, in:
(1) General obligations of the State; or
(2) Any other security.