912

LAWS OF MARYLAND

Ch. 11

Subsection (a)(3) and (4) of this section is revised
to clarify that the former reference to the "State
Bank Commissioner in the case of a State banking
institution" was not limited to institutions in this
State. See revisor's note to § 6-201(e) of this
subtitle.

Defined terms: "Banking institution" § 6-201
"Collateral" § 6-201 "Deposit insurance" § 6-201
"National banking association" § 6-201
"State" § 1-101

6-211. RESERVED.

6-212. RESERVED.

PART III. COLLECTORS.

6-213. UNITS.

"(A) MONTHLY ACCOUNTING.

EXCEPT AS OTHERWISE PROVIDED BY LAW, EACH UNIT OF THE STATE
GOVERNMENT MONTHLY SHALL:

(1)  PAY INTO THE STATE TREASURY ALL COLLECTIONS,
FEES, INCOME, AND OTHER REVENUES THAT ARE RECEIVED BY THE UNIT;
AND

(2)  ACCOUNT TO THE COMPTROLLER FOR THOSE REVENUES.

(B)  CREDITING.

THE COMPTROLLER SHALL CREDIT THE REVENUES THAT A UNIT PAYS
INTO THE STATE TREASURY:

(1)  TO THE ACCOUNT THAT THE LAW SPECIFIES; OR

(2)  IF THE LAW DOES NOT SPECIFY AN ACCOUNT, TO AN
ACCOUNT THAT THE COMPTROLLER DESIGNATES FOR THE USE OF THE UNIT.

(C)  EXEMPTIONS.

(1) WITH THE APPROVAL OF THE GOVERNOR, THE
COMPTROLLER:

V

(I)  SHALL EXEMPT REVENUES FROM THE REQUIREMENTS
OF SUBSECTION (A) OF THIS SECTION IF THE COMPTROLLER DETERMINES
THAT THE EXEMPTION WOULD BE IN THE PUBLIC INTEREST; AND

(II)  MAY RESCIND AN EXEMPTION.

(2) THE COMPTROLLER SHALL KEEP A RECORD THAT SHOWS
EACH EXEMPTION AND THE REASONS FOR IT.