State Transfer Tax - Land Preservation Special Fund - Revenue Allocation

SB 424 repeals a requirement that specific amounts from Maryland's Land Preservation Special Fund must be allocated to the General Fund for certain fiscal years (2002-2005). The bill modifies how remaining fund balances are distributed, shifting allocations away from mandatory General Fund transfers toward land preservation programs. Key provisions direct 75.15% to Program Open Space land acquisition, 17.05% to the Agricultural Land Preservation Fund, 5% to the Rural Legacy Program, and 1.8% to the Heritage Conservation Fund. This change affects state funding for conservation efforts and land preservation initiatives managed under Maryland's Natural Resources Article.