H.B. 691

VETOES

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

Article - State Finance and Procurement

6-213.

(a)     Except as otherwise provided by law, IN ACCORDANCE WITH
REGULATIONS AND POLICIES ADOPTED BY THE TREASURER AND THE
COMPTROLLER, each unit of the State government [monthly] shall:

(1)     pay into DEPOSITARIES DESIGNATED BY THE TREASURER FOR THE
ACCOUNT OF the State Treasury all collections, fees, income, and other revenues that
are received by the unit; and

(2)     account to the Comptroller for those revenues.

(b)     The Comptroller shall credit the revenues that a unit pays into
DEPOSITARIES DESIGNATED BY THE TREASURER FOR THE ACCOUNT OF the State
Treasury:

(1)     to the account that the law specifies; or

(2)     if the law does not specify an account, to an account that the
Comptroller designates for the use of the unit.

(c)      (1) With the approval of the Governor, the Comptroller:

(i) shall exempt revenues from the requirements of subsection (a)
of this section if the Comptroller determines that the exemption would be in the
public interest; and

(ii) may rescind an exemption.

(2)     The Comptroller shall keep a record that shows each exemption and
the reasons for it.

(3)     The records shall be kept in the Office of the Comptroller and shall be
open to public inspection.

(d)     (1) In this subsection, "State institution" includes a hospital or center
that the State operates.

(2)     The Treasurer may exclude from the State Treasury the personal
funds that a State institution holds for its residents or clients.

(3)     A State institution shall use, as a depositary for these funds, a
financial institution that the Treasurer approves.

(4)     The Treasurer may require the submission of a proposed agreement
between the State institution and the financial institution and may approve or
disapprove the agreement.

(5)     The accounts established by a State institution shall be interest
bearing accounts.

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