Ch. 197                                    2003 LAWS OF MARYLAND

CHAPTER 197
(House Bill 1061)

AN ACT concerning

Maryland Election Modernization Fund

FOR the purpose of establishing a special, continuing, nonlapsing fund for the
purpose of upgrading election equipment and related purposes; specifying the
sources and uses of the fund; providing for the effective date of this Act; and
generally relating to the Maryland Election Modernization Fund.

BY adding to

Article - Election Law
Section 2-107

Annotated Code of Maryland
(2003 Volume)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Election Law

2-107.

(A)     (1) THERE IS A MARYLAND ELECTION MODERNIZATION FUND.

(2)      THE FUND IS ESTABLISHED AS A CONTINUING FUND FOR PROGRAMS
RELATING TO THE FEDERAL HELP AMERICA VOTE ACT OF 2002 AND RELATED
EXPENDITURES.

(3)      THE FUND IS A SPECIAL, CONTINUING, NONLAPSING FUND THAT IS
NOT SUBJECT TO § 7-302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.

(4)      THE TREASURER SHALL SEPARATELY HOLD AND THE COMPTROLLER
SHALL ACCOUNT FOR THE FUND.

(5)      THE FUND SHALL BE INVESTED AND REINVESTED IN THE SAME
MANNER AS OTHER STATE FUNDS.

(6)      ANY INVESTMENT EARNINGS SHALL BE RETAINED TO THE CREDIT
OF THE FUND.

(B)     THE FUND CONSISTS OF:

(1)      MONEYS APPROPRIATED IN THE STATE BUDGET TO THE FUND;

(2)      MONEYS OTHERWISE APPROPRIATED FOR THE PURPOSES OF THE
FUND, WHICH MAY BE TRANSFERRED TO THE FUND BY AN APPROVED BUDGET
AMENDMENT; AND

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