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H.B. 641 VETOES
13-602.
(a) (1) There is a Circuit Court Real Property Records Improvement Fund.
(2) There is an oversight committee composed of one representative from
each of the following:
(i) The Administrative Office of the Courts;
(ii) The Maryland State Archives;
(iii) The Circuit Court Clerks' Association;
(iv) The Maryland Land Title Association; and
(v) The Maryland State Bar Association.
(3) The Fund shall be managed and supervised by the State Court
Administrator, with advice from the oversight committee.
(4) The State Treasurer shall hold, and the State Comptroller shall
account for, the Fund.
(b) (1) The Fund shall be invested and reinvested in the same manner as
other State funds.
(2) Investment earnings of the Fund shall be paid into the Fund.
13-603.
(a) The Fund consists of:
(1) Surcharges collected under § 13-604 of this subtitle; and
(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.
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- 4458 -
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