ROBERT L. EHRLICH, JR., Governor                             Ch. 261

CHAPTER 261
(Senate Bill 291)

AN ACT concerning

State Treasury - Deposits by Units of State Government

FOR the purpose of removing a requirement that units of State government deposit
certain revenue into the State Treasury monthly; providing that units of State
government must deposit certain revenue into certain depositaries in
accordance with certain regulations and policies; and generally relating to
deposits of revenue by units of State government.

BY repealing and reenacting, with amendments,
Article - State Finance and Procurement
Section 6-213

Annotated Code of Maryland
(2001 Replacement Volume and 2003 Supplement)

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.
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