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PARRIS N. GLENDENING, Governor Ch. 244
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(2) Revenues from copies made on equipment bought through the Fund.
(b) The Fund is a nonlapsing revolving fund which is not subject to § 7-302 of
the State Finance and Procurement Article.
(c) The Fund shall be used to repair, replace, improve, modernize, and update
office equipment and equipment related services in the land records office of the clerk
of the circuit court for each county, as the Administrator considers appropriate, with
advice from the oversight committee.
(d) Expenditures under this section shall only be made pursuant to an
appropriation approved by the General Assembly in the annual State budget prior to
the expenditure or obligation of funds.
(e) The Fund shall be subject to an audit by the Office of Legislative Audits as
provided for in § 2-1220 of the State Government Article.
(f) Disbursements from the Fund shall supplement and may not be a
substitute for any funds designated in the State budget for office equipment and
services in the land records office of the clerk of the circuit court for each county.
13-604.
(a) The Administrator may establish a surcharge not to exceed $5 for each
type of recordable instrument to be recorded among the land records and the
financing statement records.
(b) The surcharge shall be collected by the office of the clerk of the circuit
court for each county.
(c) The surcharge may not be charged to an entity that is exempt from the
payment of fees under § 3-603 of the Real Property Article.
(d) Receipts from the surcharge shall be placed in the Fund and used by the
Administrator for the purposes of the Fund.
13-605.
The State Treasurer shall report to the Administrator annually:
(1) The status of the money invested under this subtitle; and
(2) The interest received from investments for the Fund during the
period covered by the report.
13-606.
The Administrator shall adopt rules necessary to carry out the purposes of this
subtitle.
13-607.
This subtitle shall terminate and be of no effect after June 30, [2001] 2006.
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