MARVIN MANDEL, Governor

899

Approved May 4, 1976.

CHAPTER 328
(Senate Bill 824)

AN ACT concerning

The "Unpresented Checks Fund"

FOR the purpose of amending the laws concerning the State
Treasurer's administration of "Unpresented Checks
Fund," extending period for checks to remain in the
Fund from three to five years, and establishing a
presentation limit of seven years from the date of
issuance for the payment of State checks.

BY repealing and reenacting, with amendments,

Article 95 — Treasurer

Sections 7A (3) and (4)

Annotated Code of Maryland

(1969 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 7A (3) and (4) of Article 95 -
Treasurer, of the Annotated Code of Maryland (1969
Replacement Volume and 1975 Supplement) be and they are
hereby repealed and reenacted, with amendments, to read
as follows:

Article 95 — Treasurer

7A.

3.   The Treasurer, at the end of each fiscal year,
shall determine the checks which have remained in the
"Unpresented Checks Fund" for a period of [three] FIVE
years and shall secure from the Comptroller a warrant
transferring the amount, in excess of a minimum balance
as determined by the Treasurer, of such checks from the
"Unpresented Checks Fund" to the general funds of the
State, or when the source of the funds is of a revolving
or restricted nature, the amount of such checks shall be
returned to their source upon proper advice of the agency
involved.

[4. Any checks presented for payment after having
been warranted into the "Unpresented Checks Fund" shall
be reissued and charged against the "Unpresented Checks
Fund" by the Treasurer upon warrant by the Comptroller.]

4.    ANY CHECKS PRESENTED FOR PAYMENT WITHIN SEVEN