(a)    In this section, “veterans’ memorials and monuments” means:

(1)    the Maryland Vietnam Veterans Memorial and Associated Land as established pursuant to Joint Resolution No. 22 of 1983;

(2)    the Maryland Korean War Memorial and Associated Land as established pursuant to Joint Resolution No. 3 of 1985; and

(3)    the Maryland World War II Memorial and Associated Land.

(b)    There is a Veterans’ Memorials and Monuments Program administered by the Department of Veterans Affairs.

(c)    The purpose of the Program is to provide for the operation, maintenance, security, and preservation of veterans’ memorials and monuments.

(d)    In furtherance of these purposes, the Department may, as provided for in the budget:

(1)    lease land on behalf of the State or a political subdivision of the State; or

(2)    acquire land that has been improved by construction of a memorial or monument.

(e)    The Secretary may adopt regulations to carry out the provisions of this section.

(f)    (1)    The Department shall, as provided for in the budget, provide for the management of the veterans’ memorials and monuments as provided in this section.

(2)    The Department may delegate any of its powers and duties under this section to a special commission or board created by the Department and approved by the Governor.

(g)    The Department may acquire, hold, use, and improve property for the purposes specified in subsection (c) of this section.

(h)    Subject to Title 7 of the State Finance and Procurement Article, the Department may:

(1)    accept gifts or grants;

(2)    unless otherwise provided, spend the principal and income of a gift or grant; and

(3)    invest all or part of the principal income in general obligations of the State or any other security.