(a) There is an Individuals With Disabilities and Service-Disabled Veterans Boating Fund.
(b) The purpose of the Fund is to provide sailing, boating, kayaking, canoeing, paddleboarding, and surfing opportunities for individuals with disabilities and service-disabled veterans.
(c) The Department 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 appropriated in the State budget to the Fund; and
(2) any other money from any other source accepted for the benefit of the Fund.
(f) The Fund may be used only for:
(1) providing State grants under this section; and
(2) administrative expenses of the Department in administering the Fund.
(g) (1) Subject to paragraph (2) of this subsection, the Department may provide a grant of not more than $40,000 in a fiscal year to a grantee to provide sailing, boating, kayaking, canoeing, paddleboarding, or surfing opportunities for individuals with disabilities or service-disabled veterans.
(2) The Department may provide grants under this section only to a nonprofit organization in good standing that:
(i) is qualified under § 501(c)(3) of the Internal Revenue Code;
(ii) has been in operation for at least 3 years, notwithstanding a cessation of operations during a national or public health emergency issued:
1. by the President of the United States under § 201, § 202(d), or § 301 of the federal National Emergencies Act; or
2. by the Secretary of Health and Human Services under the federal Public Health Service Act; and
(iii) has engaged individuals with disabilities or service- disabled veterans in sailing, boating, kayaking, canoeing, paddleboarding, or surfing activities on State waters at least 25 times in each of the past 3 years.