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(k) (1) FOR FISCAL YEARS 2023 AND 2024, THE GOVERNOR SHALL INCLUDE IN THE ANNUAL BUDGET BILL A GENERAL FUND APPROPRIATION TO THE FISHERIES RESEARCH AND DEVELOPMENT FUND OF NOT LESS THAN $1,794,000.

(2) Beginning in fiscal year [2023] 2026 and each fiscal year thereafter, the Governor shall include in the annual budget bill a General Fund appropriation to the Fisheries Research and Development Fund of not less than $1,794,000.

5–307.

(a) In this section, “Fund” means the Mel Noland Woodland Incentives and Fellowship Fund.

(f) (1) The Fund consists of:

(i) As provided in § 13–306 of the Tax – Property Article, up to $200,000 annually of the proceeds of the tax imposed by § 13–302 of the Tax – Property Article that are attributable to the taxation of instruments of writing that transfer title to parcels of land that are entirely woodland;

(ii) Revenues collected by the Department from the payment of charges imposed for Department assistance in implementation of an approved practice;

(iii) Money distributed from the Chesapeake and Atlantic Coastal Bays 2010 Trust Fund under § 8–2A–04 of this article;

(iv) Subject to approval by the Secretary and the Board of Public Works, a portion of the revenues derived from the forestry practices on designated lands owned and managed by the Department, that are conducted in accordance with applicable State law and regulation; and

(v) Money appropriated to the Fund under paragraph (2) of this subsection.

(2) (I) For fiscal year 2024 [and each fiscal year thereafter], the Governor shall include in the annual budget bill an appropriation of $1,000,000 to the Fund.

(II) FOR FISCAL YEAR 2025 AND EACH FISCAL YEAR THEREAFTER, THE GOVERNOR SHALL INCLUDE IN THE ANNUAL BUDGET BILL AN APPROPRIATION OF $500,000 TO THE FUND.