§ 8-1. Public School Construction and Renovation Special Fund.

(a) Fund established.

There is a Public School Construction and Renovation Special Fund.

(b) Nature of Fund.

The Special Fund is a continuing, nonlapsing fund established under the authority of City Charter Article I, § 12 ("Special funds for education").

(c) Purpose of Fund.

The purpose of the Special Fund is to provide increased support to the Baltimore City Public School System for:

(1) new school construction; and

(2) the renovation and improvement of existing school buildings.

(d) Contents of fund.

The Special Fund consists of:

(1) money appropriated to it by the annual Ordinance of Estimates or by a Supplementary Appropriation; and

(2) contributions, grants, or gifts received from any public or private source for the benefit of the Special Fund.

(e) Uses of Fund.

The Special Fund may be used only for the purposes specified in subsection (c) of this section.