Ch. 580                                       LAWS OF MARYLAND

(G) THE AMOUNTS CERTIFIED UNDER THIS SECTION BY THE BOARD
OF TRUSTEES TO THE CHIEF FISCAL OFFICER OF A PARTICIPATING
MUNICIPAL CORPORATION SHALL BE INCLUDED IN THE NEXT BUDGET,
APPROPRIATION, OR LEVY OF THE PARTICIPATING MUNICIPAL CORPORATION
AFTER THE CERTIFICATION BY THE BOARD OF TRUSTEES AND SHALL BE
LEVIED AND COLLECTED IN THE SAME MANNER AS ANY. OTHER TAX.

(H)(1) THE TREASURER OR PROPER FISCAL OFFICER OF EACH
PARTICIPATING MUNICIPAL CORPORATION SHALL PAY TO THE BOARD OF
TRUSTEES THE AMOUNT OF THE CHARGES CERTIFIED TO THE PARTICIPATING
MUNICIPAL CORPORATION BY THE BOARD OF TRUSTEES AS PROVIDED. THE
AMOUNTS CERTIFIED BY THE BOARD OF TRUSTEES SHALL BE PAID WITHIN
30 DAYS AFTER THE RECEIPT OF THE CERTIFICATE. ANY PARTICIPATING
MUNICIPAL CORPORATION THAT FAILS TO PAY THE AMOUNTS CERTIFIED
UNDER THIS SECTION WITHIN THE TIME REQUIRED BY LAW IS LIABLE FOR
A PENALTY OF 10 PERCENT OF THE AMOUNT DUE. HOWEVER, THE
SECRETARY OF THE BOARD MAY ALLOW A GRACE PERIOD NOT TO EXCEED 10
ADDITIONAL CALENDAR DAYS. ALL AMOUNTS DUE AND UNPAID ON THE DATE
OF PAYMENT ALSO SHALL BEAR INTEREST AT THE RATE OF 10 PERCENT A
YEAR UNTIL THE DATE OF PAYMENT. THE STATE COMPTROLLER, ON
NOTIFICATION BY THE SECRETARY THAT A DELINQUENCY EXISTS,
IMMEDIATELY SHALL EXERCISE THE RIGHT OF SETOFF AGAINST ANY MONEY
DUE OR TO BECOME DUE TO THE DELINQUENT PARTICIPATING MUNICIPAL
CORPORATION.

(2) THE TREASURER OR PROPER FISCAL OFFICER OF EACH
PARTICIPATING MUNICIPAL CORPORATION, ALSO, SHALL PAY TO THE BOARD
OF TRUSTEES THE AMOUNT OF THE DEDUCTIONS FROM THE COMPENSATION OF
LAW ENFORCEMENT OFFICERS MADE IN ACCORDANCE WITH § 157B OF THIS
SUBTITLE. ANY PARTICIPATING MUNICIPAL CORPORATION THAT FAILS TO
PAY THE AMOUNTS CERTIFIED UNDER THIS SECTION WITHIN THE TIME
REQUIRED BY LAW IS LIABLE FOR A PENALTY OF 10 PERCENT OF THE
AMOUNTS DUE. HOWEVER, THE SECRETARY OF THE BOARD MAY ALLOW A
GRACE PERIOD NOT TO EXCEED 10 ADDITIONAL CALENDAR DAYS. ALL
AMOUNTS DUE AND UNPAID ON THE DATE OF PAYMENT ALSO SHALL BEAR
INTEREST AT THE RATE OF 10 PERCENT A YEAR UNTIL THE DATE OF
PAYMENT. THE STATE COMPTROLLER, ON NOTIFICATION BY THE SECRETARY
THAT A DELINQUENCY EXISTS, IMMEDIATELY SHALL EXERCISE THE RIGHT
OF SETOFF AGAINST ANY MONEY DUE OR TO BECOME DUE TO THE
DELINQUENT PARTICIPATING MUNICIPAL CORPORATION.

(I) ON RECEIPT OF THE PAYMENTS FROM THE TREASURER OR OTHER
OFFICER OF EACH PARTICIPATING MUNICIPAL CORPORATION, THE
CUSTODIAN OF THE FUNDS OF THIS PENSION SYSTEM, SHALL CREDIT THESE
AMOUNTS TO THE APPROPRIATE FUND OR ACCOUNT OF THE MARYLAND STATE
RETIREMENT AND PENSION SYSTEMS.

(J) IF THE LEGISLATIVE BODY OF A MUNICIPAL CORPORATION
ELECTS TO WITHDRAW FROM THIS PENSION SYSTEM, THE WITHDRAWAL SHALL
BE SUBJECT TO THE PROVISIONS OF § 168 OF THIS ARTICLE.

(K) THE GENERAL ADMINISTRATION, FUNDING, AND RESPONSIBILITY
FOR THE PROPER OPERATION OF THIS PENSION SYSTEM IS VESTED IN THE

- 3590 -