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Session Laws, 1981
Volume 741, Page 2871   View pdf image
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HARRY HUGHES, Governor                               2871

(a) (1) All funds received under this title, including
the proceeds of the sale of abandoned property under §
17-120, shall be credited by the administrator to a special
fund. The administrator shall retain in the special fund at
the end of each fiscal year, from the proceeds received by
him, an amount not to exceed $50,000, from which sum he
shall pay any claim allowed by him or allowed by a court of
law under this title.

(2) After deducting all costs incurred in
administering this title on a pro rata basis, as provided in
subsection (c) of this section, the balance of funds shall
be distributed at least once annually or at any other time
that the administrator in his discretion determines. The
funds shall be allocated as follows:

(i) To each county of the State, the funds
of owners whose last known address was shown by the records
of the holder to be in the county; and

(ii) To the State for deposit in the
general funds of the State, the funds of owners for whom
there is no last known address in the State. FOR FISCAL YEAR
1982 ONLY, IN PLACE OF THE DISTRIBUTION AUTHORIZED ABOVE,
THE ADMINISTRATOR SHALL DISTRIBUTE TO EACH COUNTY THE
FOLLOWING FUNDS:

ALLEGANY______________________________________$ 3,000

ANNE ARUNDEL____________________________________27,667

BALTIMORE CITY_________________________________359,667

BALTIMORE_______________________________________75,667

CALVERT_________________________________________2,000

CAROLINE_________________________________________2,000

CARROLL_________________________________________6,000

CECIL___________________________________________7,667

CHARLES_________________________________________4,000

DORCHESTER_______________________________________3,333

FREDERICK_______________________________________8,333

GARRETT_________________________________________1,667

HARFORD________________________________________14,333

HOWARD_________________________________________15,000

KENT____________________________________________2,667

MONTGOMERY______________________________________62,333

PRINCE GEORGE'S_________________________________65,000

QUEEN ANNE'S_____________________________________2,333

ST. MARY'S_______________________________________4,333

SOMERSET_________________________________________2,000

TALBOT _________________________________________5,000

WASHINGTON______________________________________16,333

WICOMICO_________________________________________3,333

WORCESTER________________________________________3,000

THE ADMINISTRATOR SHALL DISTRIBUTE THE BALANCE IN THE
GENERAL FUNDS OF THE STATE.

(b) Before making the distribution, the administrator
shall record the name and last known address, if any, of the

 

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Session Laws, 1981
Volume 741, Page 2871   View pdf image
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