Md. Code Ann., Fin. Inst. § 12-1007
Credit and use of revenue received
Effective Jul 1, 2023Added by Acts 2011, c. 280, § 1, eff. Oct. 1, 2011; Acts 2011, c. 281, § 1, eff. Oct. 1, 2011. Amended by Acts 2016, c. 392, § 1, eff. July 1, 2016; Acts 2016, c. 393, § 1, eff. July 1, 2016; Acts 2023, c. 567, § 1, eff. July 1, 2023.State of Maryland
(a) All revenue received for the registration of persons under this subtitle and, except as provided in subsection (b) of this section, any other fee, examination assessment, 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 into the General Fund of the State.
Added by Acts 2011, c. 280, § 1, eff. Oct. 1, 2011; Acts 2011, c. 281, § 1, eff. Oct. 1, 2011. Amended by Acts 2016, c. 392, § 1, eff. July 1, 2016; Acts 2016, c. 393, § 1, eff. July 1, 2016; Acts 2023, c. 567, § 1, eff. July 1, 2023.