Maryland Fair and Agricultural Education Promise Fund established to provide grants for agricultural fairs and education.

The bill establishes the Maryland Fair and Agricultural Education Promise Fund as a special, nonlapsing fund to provide grants that advance agricultural fairs and education in the state. The fund consists of revenue from the state lottery, appropriations, interest earnings, and other sources. The Comptroller administers the fund, which is used for annual grants and administrative expenses. The fund's interest earnings are credited to the fund. The bill also allocates specific amounts from the fund to various agricultural fairs and educational programs.

Maryland Fair and Agricultural Education Promise Fund established to provide grants for agricultural fairs and education.

The bill establishes the Maryland Fair and Agricultural Education Promise Fund as a special, nonlapsing fund to provide grants that advance agricultural fairs and education in the state. The fund consists of revenue from the state lottery, appropriations, interest earnings, and other sources. The Comptroller administers the fund, which is used for annual grants and administrative expenses. The fund's interest earnings are credited to the fund. The bill also allocates specific amounts from the fund to various agricultural fairs and educational programs.