Volume 794, Page 1621 View pdf image |
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PARRIS N. GLENDENING, Governor Ch. 195 its registration year, the Administration may assess the owner of the vehicle with a (ii) Each period during which the required security for a vehicle (iii) The penalty imposed under this subsection may not exceed $2,500 (2) (i) A penalty assessed under this subsection shall be paid as follows: 1. [Of the initial $150 collected: A. 90%] 70% to be allocated to the Vehicle Theft Prevention [B.] 2. [10%] 30% to the Administration[; and 2. Of any amount collected that is over $150: A. 50% to be allocated to the Vehicle Theft Prevention Fund, B. 50% to the Administration]. (ii) The percentage of the penalties specified under subparagraph (i) 1. [In Fiscal Year 1994: A. $2,700,000 to the Maryland Automobile Insurance Fund; and B. The balance to the General Fund. 2. In each fiscal year after Fiscal Year 1994: A.] $2,000,000 to the Vehicle Theft Prevention Fund established [B.] 2. The amount distributed to the Maryland Automobile [C] 3. The balance to the General Fund. (3) If the Administration assesses a vehicle owner or co-owner with a - 1621 -
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Volume 794, Page 1621 View pdf image |
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