(B) the income-producing activity is performed
both within and without the designated parcels and a
greater proportion of the income-producing activity
is performed in the designated parcels than in any
other location, based on costs of performance.
(j) Transfer.--Within 10 days of receiving the certification
from the Department of Revenue, the Office of the Budget shall
direct the State Treasurer to transfer the amount of certified
qualified tax from the General Fund to each special fund
established for the benefit of a qualified authority under
section 302-A.
(k) State Treasurer.--Within 10 days of receiving direction
under subsection (j), the State Treasurer shall pay into each
special fund established under section 302-A the amount directed
to the respective authority for use only as provided under
section 303-A(a).
Section 302-A. Special funds.
(a) Notice.--Following the approval of an application under
section 301-A, a qualified authority shall notify the State
Treasurer and create a special fund to be known as the Military
Installation Remediation Fund .
(b) Establishment.--Upon receipt of notice under subsection
(a), the State Treasurer shall establish for each qualified
former military installation a restricted account within the
special fund for the benefit of the qualified authority.
Interest income derived from the investment of money in a
restricted account shall be credited by the State Treasury to
the restricted account .
Section 303-A. Restrictions.
(a) Utilization.--Money transferred under section 301-A may
only be utilized for a military installation remediation
project , the payment of debt service on bonds issued or
refinanced for the acquisition, development, construction,
including related infrastructure and site preparation,
reconstruction, renovation or refinancing of military
installation remediation projects , or operational costs for the
qualified authority .
(b) Local effort.--Money transferred to a special fund under
section 301-A may not exceed 500% of the local taxes and
additional money designated and transferred to the qualified
authority by the local taxing authorities for the prior year.
(c) Excess money.--
(1) If the amount of money transferred to a fund in any
one calendar year exceeds the money utilized under this
section in that calendar year, the qualified authority shall
submit by April 15 following the end of the calendar year the
excess money to the State Treasurer for deposit into the
General Fund.
(2) At the time of submission to the State Treasurer,
the contracting authority shall submit to the State
Treasurer, the Office of the Budget and the Department of
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