Ch. 374

2003 LAWS OF MARYLAND

(4) A FEE, NOT EXCEEDING $1,000, FOR AN INVESTIGATION OF AN
APPLICANT OR LICENSEE UNDER THIS SUBTITLE.

(B) ANY FEES CHARGED BY THE COMMISSIONER UNDER THIS SUBTITLE
SHALL APPROXIMATE THE DIRECT AND INDIRECT COSTS OF ADMINISTERING AND
ENFORCING THIS SUBTITLE.

12-905.

(A)     THERE IS A DEBT MANAGEMENT SERVICES FUND THAT CONSISTS OF:

(1)      ALL REVENUE RECEIVED FOR THE LICENSING OF ORGANIZATIONS
THAT PROVIDE DEBT MANAGEMENT SERVICES UNDER THIS SUBTITLE;

(2)      INCOME FROM INVESTMENTS THAT THE TREASURER MAKES FOR
THE FUND; AND

(3)      EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, ANY
OTHER FEE OR REVENUE RECEIVED BY THE COMMISSIONER UNDER THIS SUBTITLE.

(B)     THE COMMISSIONER SHALL PAY ALL FINES AND PENALTIES COLLECTED
BY THE COMMISSIONER UNDER THIS SUBTITLE INTO THE GENERAL FUND OF THE
STATE.

(C)     THE PURPOSE OF THE FUND IS TO PAY ALL THE COSTS AND EXPENSES
INCURRED BY THE COMMISSIONER THAT ARE RELATED TO THE REGULATION OF THE
DEBT MANAGEMENT SERVICES BUSINESS UNDER THIS SUBTITLE, INCLUDING:

(1)      EXPENDITURES AUTHORIZED UNDER THIS SUBTITLE; AND

(2)      ANY OTHER EXPENSE AUTHORIZED IN THE STATE BUDGET.

(D)     (1) THE TREASURER IS THE CUSTODIAN OF THE FUND.

(2) THE TREASURER SHALL DEPOSIT PAYMENTS RECEIVED FROM THE
COMMISSIONER INTO THE FUND.

(E)     (1) THE FUND IS A CONTINUING, NONLAPSING FUND THAT IS NOT
SUBJECT TO § 7-302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE, AND MAY
NOT BE DEEMED A PART OF THE GENERAL FUND OF THE STATE.

(2) UNLESS OTHERWISE PROVIDED BY LAW, NO PART OF THE FUND MAY
REVERT OR BE CREDITED TO:

(I)      THE GENERAL FUND OF THE STATE; OR

(II)     A SPECIAL FUND OF THE STATE.

(F)     (1) ALL THE COSTS AND EXPENSES OF THE COMMISSIONER RELATING
TO THE REGULATION OF THE DEBT MANAGEMENT SERVICES BUSINESS UNDER THIS
SUBTITLE SHALL BE INCLUDED IN THE STATE BUDGET.

(2) ANY EXPENDITURES FROM THE FUND TO COVER COSTS AND
EXPENSES OF THE COMMISSIONER MAY BE MADE ONLY:

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