HARRY HUGHES, Governor

3301

REVISOR'S NOTE: Chapter ____, Acts of 1985, amended

subsection (h) of this section, to amend the first
sentence and to delete the former second sentence,
which required money received under this section to be
disbursed as provided in Md. Constitution, Art. III,
§§ 32 and 52 and §§ 1 through 15 of Art. 15A of the
Code. The former sentence was unnecessary in light of
the usual budget process and as the referenced
sections of Art. 15A were all repealed with the
enactment of the State Finance and Procurement
Article.

Article 73B - Pensions

70.

The provisions of [Article 95] TITLE 6 OF THE STATE FINANCE
AND PROCUREMENT ARTICLE and any other law limiting the types of
investments which may be made of State funds or limiting or
placing conditions upon the deposit of State funds shall not be
applicable to the deposit and investment of moneys deferred
pursuant to this subtitle, to the end that such moneys may be
deposited and invested in accordance with the investment
elections permitted under the plan.

Article 75A - Public Accountancy

(f) All fees and other moneys received by the Board
pursuant to any of the provisions of this article shall be
[deposited with the State Treasurer, and shall become general
funds] PAID INTO THE GENERAL FUND of the State. [Such moneys
shall thereafter be disbursed by the Comptroller only pursuant to
an appropriation made in accordance with §§ 32 and 52 of Article
III of the Constitution or pursuant to the provisions of §§ 1
through 15, inclusive, of Article 15A of this Code, title "Budget
and Fiscal Planning," as amended from time to time.]

REVISOR'S NOTE: Chapter

___, Acts of 1985, amended

subsection (f) of this section, to make a stylistic
change in the first sentence and to delete the second
sentence.

In subsection (f) of this section, the requirement to
pay money "into the General Fund" is substituted for
the former requirement that the money be "deposited
with the State Treasurer, and ... become general
funds", to conform to references elsewhere in the Code
and to reflect that, in practice, State units directly
deposit moneys with the depositaries that the
Treasurer designates.

The former second sentence of subsection (f) of this
section, which required the money to be disbursed as