Md. Code Ann., State Fin. & Proc. § 5-304
Funds, grants, and services for Department use
Effective Jul 1, 2000Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 1989, c. 540, § 1; Acts 1993, c. 26, § 1, eff. Oct. 1, 1993; Acts 2000, c. 209, § 2, eff. July 1, 2000.State of Maryland
- (a) The Department may accept funds, grants, and services from public and private sources to carry out its powers and duties.
(b)
(1)
- (i) The Department may charge reasonable fees for services and products.
- (ii) The fees charged may not exceed the cost of providing the service or product.
- (2) All fees collected under this subsection shall be credited to a continuing nonlapsing fund that is not subject to § 7-302 of this article.
- (3) Subject to the appropriation process in the State budget, the Department shall use the fund for the costs of operating.
- (4) The State Treasurer shall hold and the State Comptroller shall account for the fund.
- (5) The fund shall be invested and reinvested in the same manner as other State funds.
- (6) Investment earnings accrue to the benefit of the fund.
Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 1989, c. 540, § 1; Acts 1993, c. 26, § 1, eff. Oct. 1, 1993; Acts 2000, c. 209, § 2, eff. July 1, 2000.
Formerly Art. 88C, § 2.