HARRY HUGHES, Governor                                       825

personal property" is substituted for the former word
"transferee", for clarity.

In subsection (e) of this section, the defined term
"surplus personal property" is substituted for the
former reference to "furniture, equipment or similar
items that are deemed unserviceable or useless for
purposes of the State", for clarity and brevity.

As to the deletion of the word "rules" in subsection
(e) of this section, see the General Revisor's Note to
this article.

4-505.

Defined terms: "Department" § 4-101

"Excess personal property" § 4-501

"Includes";"including" § 1-101 "Secretary" § 4-101

"Surplus personal property" § 4-501

PROCEEDS FROM AUCTION OR SALE.

(A)  IN GENERAL.

EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, MONEY
RECEIVED FROM THE AUCTION OR SALE OF ANY SURPLUS PERSONAL
PROPERTY SHALL BE DEPOSITED IN THE GENERAL FUND OF THE STATE. IF
THE DEPARTMENT OF BUDGET AND FISCAL PLANNING APPROVES, THE MONEY
MAY BE CREDITED TO THE ACCOUNT OF THE UNIT OF THE STATE
GOVERNMENT THAT DECLARED THE PROPERTY TO BE EXCESS PERSONAL
PROPERTY.

(B)  EXEMPTIONS.

MONEY RECEIVED FROM THE AUCTION OR SALE OF SURPLUS PERSONAL
PROPERTY SHALL BE DEPOSITED AS FOLLOWS:

(1)  IF THE ITEM WAS PURCHASED FROM A SPECIAL FUND
APPROPRIATION, THE PROCEEDS SHALL BE DEPOSITED IN THE APPROPRIATE
SPECIAL FUND;

(2)  IF THE ITEM WAS PURCHASED WITH BOND MONEY, THE
PROCEEDS SHALL BE DEPOSITED IN THE ANNUITY BOND FUND; AND

(3)  IF THE ITEM WAS PURCHASED WITH FEDERAL MONEY, THE
PROCEEDS SHALL BE DISBURSED IN ACCORDANCE WITH FEDERAL LAW.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 41, §
236(a) and the second sentence of § 133(c).

In subsection (a) of this section, the phrase "the
account of the unit of the State government that
declared the property to be excess personal property"
is substituted for the former phrase "agency's
account", for clarity and to conform with similar.
provisions elsewhere in the Code.