ROBERT L. EHRLICH, JR., Governor                             Ch. 274

(c)     If a check that the Treasurer, the Chief Deputy Treasurer, or a deputy
treasurer issues is returned to the Comptroller as undeliverable, the Comptroller:

(1)     shall keep the check for a period of not more than 30 days;

(2)     during that period, shall try diligently to find the correct address of
the payee and to deliver the check; and

(3)     if unable to deliver the check during that period, shall send the check
to the Treasurer.

(d)     Whenever the Comptroller returns a check as undeliverable, the Treasurer
shall:

(1)     cancel the check; and

(2)     [ask] REQUEST the Comptroller to[:

(i) certify the amount of the check; and

(ii) credit that amount] CREDIT THE AMOUNT OF THE CANCELED
CHECK to the Fund.

(e)      [(1) Subject to the limitation in paragraph (2) of this subsection, on] ON a
warrant charged against the Fund, the Treasurer, the Chief Deputy Treasurer, or a
deputy treasurer may issue a check to replace a check canceled under this section.

[(2) A check may not be issued to replace a check that has not been
claimed within 7 years after the date of issue.]

(f)      [On a warrant charged against the Fund,] AS REQUIRED BY STATE OR
FEDERAL LAW, OR AS CONSIDERED PROPER BY THE TREASURER, the Treasurer, the
Chief Deputy Treasurer, or a deputy treasurer shall:

(1)      ON A WARRANT CHARGED AGAINST THE FUND, disburse to the
original source any money in the Fund [that federal or State law requires]
REQUIRED to be returned to the source; [or that the Treasurer considers proper to
return to the source]; OR

(2)      REQUEST THE COMPTROLLER TO TRANSFER ANY MONEY IN THE
FUND TO ANOTHER FUND OR ACCOUNT.

(g)     At the end of each fiscal year, the Treasurer:

(1)     shall identify the checks that have been credited to the Fund AND
REMAIN UNCLAIMED for [7] 2 years; [and]

(2)     [subject to subsection (f) of this section, shall obtain a warrant to
transfer the amount of those checks to the General Fund of the State] DETERMINE A
REASONABLE BALANCE TO RETAIN IN THE FUND THAT WILL BE NEEDED TO HONOR
EACH REPLACEMENT CHECK THAT MAY BE ISSUED ON A WARRANT CHARGED
AGAINST THE FUND; AND

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