HARRY HUGHES, Governor                                     2873

not to exceed $50,000, from which sum the administrator shall pay
any claim allowed under this title.

(2)  After deducting all costs incurred in
administering this title on a pro rata basis, the balance of
funds shall be distributed at least once annually or at any other
time that the administrator 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)] After a deduction of up to $500,000
annually for payment to the Maryland Legal Services Corporation
to support the activities of the Corporation, [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.] THE
REMAINING FUNDS SHALL BE ALLOCATED TO THE GENERAL FUND OF THE
STATE, AND TO EACH OF THE COUNTIES AND TO BALTIMORE CITY, IN THE

SAME PROPORTION AS THE GENERAL FUND, AND THE AFORESAID

JURISDICTIONS, RECEIVED SAID FUNDS FOR THE FISCAL YEAR 1981.

(3) THE FUNDS DISTRIBUTED UNDER PARAGRAPH (2) OF THIS
SUBSECTION SHALL BE ALLOCATED TO EACH OF THE COUNTIES AND TO
BALTIMORE CITY IN THE SAME PROPORTIONS AS THE GENERAL FUND, EACH
COUNTY, AND BALTIMORE CITY RECEIVED THE FUNDS FOR FISCAL YEAR
1981.

(4) (I) AFTER AN ALLOCATION HAS BEEN MADE UNDER
PARAGRAPH (3) OF THIS SUBSECTION, THE NET AMOUNT DUE TO THE
GENERAL FUND OF THE STATE SHALL SUBSEQUENTLY BE REDUCED BY A
DEDUCTION OF UP TO $500,000.

(II) THE DEDUCTION MADE UNDER SUBPARAGRAPH (I)
OF THIS PARAGRAPH SHALL BE PAID TO THE MARYLAND LEGAL SERVICES
CORPORATION TO SUPPORT THE ACTIVITIES OF THE CORPORATION.

17-324.

(A)  THE ADMINISTRATOR MAY ENTER INTO AGREEMENTS WITH OTHER
STATES TO EXCHANGE INFORMATION NEEDED TO ENABLE THIS OR ANOTHER
STATE TO AUDIT OR OTHERWISE DETERMINE UNCLAIMED PROPERTY THAT IT
OR ANOTHER STATE MAY BE ENTITLED TO SUBJECT TO A CLAIM OF
CUSTODY. THE ADMINISTRATOR BY RULE MAY REQUIRE THE REPORTING OF
INFORMATION NEEDED TO ENABLE COMPLIANCE WITH AGREEMENTS MADE
PURSUANT TO THIS SECTION AND PRESCRIBE THE FORM.

(B)  TO AVOID CONFLICTS BETWEEN THE ADMINISTRATOR'S
PROCEDURES AND THE PROCEDURES OF ADMINISTRATORS IN OTHER
JURISDICTIONS THAT ENACT THE UNIFORM UNCLAIMED PROPERTY ACT, THE
ADMINISTRATOR, SO FAR AS IS CONSISTENT WITH THE PURPOSES,
POLICIES, AND PROVISIONS OF THIS SUBTITLE, BEFORE ADOPTING,
AMENDING, OR REPEALING RULES, MAY ADVISE AND CONSULT WITH
ADMINISTRATORS IN OTHER JURISDICTIONS THAT ENACT SUBSTANTIALLY