WILLIAM DONALD SCHAEFER, Governor

Ch. 2

2-1203. TO GENERAL FUND.

AFTER MAKING THE DISTRIBUTIONS REQUIRED UNDER §§ 2-1201 AND
2-1202 OF THIS SUBTITLE, THE COMPTROLLER SHALL PAY THE REMAINING
SALES AND USE TAX REVENUE INTO THE GENERAL FUND OF THE STATE.

REVISOR'S NOTE: This section is new language derived
without substantive change from item (c) of the second
sentence of former Art. 81, § 370 and, as it related
to distributions to the General Fund of the State, §
399.

The introductory clause of this section, "[a]fter
making the distributions required under §§ 2-1201 and
2-1202 of this subtitle" and the reference to
"remaining" revenue are substituted for the former
reference to the duty to make a distribution, to the
General Fund, of "all amounts not required for the
payment of salaries and expenses and provisions for
refunds in accordance with subsections (a) and (b) of
this section", for clarity.

Defined terms: "Comptroller" § 1-101

"Revenue" § 2-101 "Sales and use tax" § 1-101

SUBTITLE 13. SAVINGS AND LOAN ASSOCIATION FRANCHISE TAX
REVENUE DISTRIBUTION.

2-1301. TO GENERAL FUND.

THE COMPTROLLER SHALL DISTRIBUTE THE SAVINGS AND LOAN
ASSOCIATION FRANCHISE TAX REVENUE TO THE GENERAL FUND OF THE
STATE.

REVISOR'S NOTE: This section is new language added to
clarify that the Comptroller is required to distribute
savings and loan association franchise tax revenue to
the General Fund.

As to requirement for payment of collections of State
revenue into State Treasury, see SF § 6-213.

Defined terms: "Comptroller" § 1-101
"Revenue" § 2-101
"Savings and loan association
franchise tax" § 1-101

2-1302. PAYMENT OF REFUNDS.

THE COMPTROLLER SHALL PAY REFUNDS RELATING TO THE SAVINGS
AND LOAN ASSOCIATION FRANCHISE TAX FROM THE GENERAL FUND OF THE
STATE.

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