§13–5503.

    (a)    There is a Public Health Abortion Grant Program Fund.

    (b)    The purpose of the Fund is to provide grants under the Program.

    (c)    The Secretary shall administer the Fund.

    (d)    (1)    The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.

        (2)    The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.

    (e)    The Fund consists of:

        (1)    Money transferred to the Fund under § 15–147 of the Insurance Article;

        (2)    Money appropriated in the State budget to the Fund;

        (3)    Interest earnings of the Fund; and

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

    (f)    The Fund may be used only for the Program.

    (g)    (1)    The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.

        (2)    Any interest earnings of the Fund shall be credited to the Fund.

    (h)    Expenditures from the Fund may be made only in accordance with the State budget.

    (i)    On or before October 1, 2025, the Governor shall allocate to the Program by budget amendment $2,000,000 in funding as required to be transferred to the Fund under § 15–147(d)(1)(i) of the Insurance Article.

    (j)    Beginning in fiscal year 2027, the Governor shall include in the annual budget bill an appropriation for the Fund that is at least equal to the funding required to be transferred to the Fund under § 15–147(d)(1)(ii) of the Insurance Article.