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State Statutes - Maryland - Article State Finance and Procurement - (gsf) - Section 3-306
Maryland Statutes
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Section 3-306

      (a)      There is a Central Collection Fund.

      (b)      The Central Collection Fund is a continuing, nonlapsing fund that is not subject to § 7-302 of this article.

      (c)      The Fund shall consist of all fees collected under § 3-304(a)(2) of this subtitle.

      (d)      Subject to the appropriation process in the State budget, the Department shall use the Fund for the expenses of operating the Central Collection Unit.

      (e)      The State Treasurer shall hold and the State Comptroller shall account for the Fund.

      (f)      The Fund shall be invested and reinvested in the same manner as other State funds.

      (g)      Investment earnings accrue to the benefit of the Fund.


 
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