Section 850.805 - Transfers.(a)Matching funds.--The amount of money transferred from the TRID Fund utilized for the construction, including related site preparation and infrastructure, reconstruction or renovation of facilities, shall be matched by other sources of funding at a ratio of two fund dollars to one private dollar.(b) Report.--By April 1, following year one, and for each year thereafter, the management entity shall file an annual report with the department and the Office of the Budget that contains a detailed account of the TRID Fund money expenditures and the expenditures of funds from other sources and a calculation of the ratio in subsection (a) for the prior calendar year. The agencies shall determine whether sufficient funding from other sources was utilized.(c) Credit of matching funds.--For the purposes of meeting the matching funding requirement, the agencies shall allow a management entity to demonstrate that a multiyear eligible matching funding investment was made in a particular year. In subsequent years, the management entity shall refer to the gross matching fund investment in the year it was established and carry forward a credit in an amount of the original investment minus the funds already applied as a matching fund requirement, up to the remaining matching funds.(d) Deduction.--If it is determined that insufficient funding from other sources was utilized under subsection (a), the amount of TRID Fund money utilized under subsection (a) in the prior calendar year shall be deducted from the next transfer of the fund.(e)Financial approval.--Upon being satisfied that all requirements have been met including private dollar match, the department shall notify the State Treasurer to issue a grant in an amount not to exceed $350,000 annually, as established by the Secretary of the Budget per TRID.(f) Sales tax transfer.--On June 1, 2016, and on each June 1 for the next 20 calendar years, $700,000 from the tax imposed by Article II of the act of March 4, 1971 ( P.L. 6, No.2), known as the Tax Reform Code of 1971, shall be transferred to the TRID Fund for payment to the first two TRIDs approved under section 802(b).(g) Remaining TRID Fund money.--Each year after the transfers from the TRID Fund to the TRIDs under subsection (f), any money remaining in the TRID Fund shall be returned to the General Fund.(h) Grants to other TRIDs.--For any TRID other than the first two TRIDs approved under section 802(b), the department may provide grants of up to $350,000 each year for the purposes delineated in this chapter.Added by P.L. TBD 2016 No. 151, § 5, eff. 2/2/2017.