Md. Code Ann., Fin. Inst. § 11-203.3
Allocation of fees, revenue, fines, and penalties collected under subtitle
Effective Jul 1, 2023Added by Acts 2018, c. 479, § 1, eff. June 1, 2018. Amended by Acts 2023, c. 567, § 1, eff. July 1, 2023.State of Maryland
(a) All revenue received for the licensing and assessment of persons under this subtitle and Subtitle 3 of this title and any other fee or revenue received by the Commissioner under this subtitle shall be:
- (1) Credited to the Non-Depository Special Fund established under § 2-120 of this article; and
- (2) Used in accordance with § 2-120(d) of this article.
- (b) Notwithstanding subsection (a) of this section, the Commissioner shall pay all fines and penalties collected by the Commissioner under this subtitle and Subtitle 3 of this title into the General Fund of the State.
- (c) Subject to § 2-120(h) of this article, the Commissioner may impose an annual assessment on any licensee under this subtitle.
Added by Acts 2018, c. 479, § 1, eff. June 1, 2018. Amended by Acts 2023, c. 567, § 1, eff. July 1, 2023.