In accordance with State Finance and Procurement Article, Title 10, Subtitle 3, Annotated Code of Maryland, if the consideration received for the disposition of State-owned real property is cash, in whole or in part, the proceeds shall be accounted for and remitted to the State Treasurer, except that any consideration received in cash for the disposition of a capital asset shall be applied solely to the State Annuity Bond Fund Account, and if the capital asset was originally purchased with any special funds, the proceeds shall revert to that fund only.

Authority: State Finance and Procurement Article, §§5-310, 5-504, and 5-505,
and Title 10, Subtitle 3, Annotated Code of Maryland

Effective date: May 12, 1976 (3:10 Md. R. 530)

(Chapter recodified from COMAR 16.00.04 to 16.02.02)

Chapter recodified from COMAR 16.02.02 to COMAR 14.24.05 in July, 1989

Chapter recodified from COMAR 14.24.05 to COMAR 34.02.02