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2007 Laws of Maryland
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Ch.3
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(1) TO SUPPORT OR ADD TO THE APPROPRIATION UNDER SUBSECTION
(A) OF THIS SECTION, ON JULY 1 OF EACH YEAR, THE GOVERNOR MAY TRANSFER TO
THE FUND UP TO $500,000 FROM THE PORTION OF ABANDONED PROPERTY FUNDS
DEPOSITED IN THE GENERAL FUND OF THE STATE UNDER § 17-317 OF THE
COMMERCIAL LAW ARTICLE.
(2) IF, AFTER DEDUCTING ALL COSTS OF ADMINISTERING THE
ABANDONED PROPERTY FUND, THE BALANCE IN THE PORTION OF ABANDONED
PROPERTY FUNDS DEPOSITED IN THE GENERAL FUND OF THE STATE UNDER § 17-317
OF THE COMMERCIAL LAW ARTICLE IS LESS THAN $500,000, ONLY THE BALANCE MAY
BE TRANSFERRED IN ACCORDANCE WITH PARAGRAPH (1) OF THIS SUBSECTION.
(C) NONSTATE FUNDS.
NONSTATE FUNDS RECEIVED BY THE CORPORATION SHALL BE ACCOUNTED
FOR AND REPORTED AS RECEIPTS AND DISBURSEMENTS SEPARATE AND DISTINCT
FROM STATE FUNDS.
REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 10, § 45-O(a), (b), and (d).
In subsection (a)(2) of this section, the former reference to the budget
submitted "in the third week of January each year" is deleted as
surplusage.
In subsection (b)(2) of this section, the word "[i]f" is substituted for the
former phrase "[t]o the extent that" for brevity.
Also in subsection (b)(2) of this section, the reference to the "abandoned
property fund" is substituted for the former reference to the "Fund" for
clarity.
Defined terms: "Corporation" § 11-101
"Fund" § 11-101
11-402. MARYLAND LEGAL SERVICES CORPORATION FUND.
(A) ESTABLISHED.
THERE IS A MARYLAND LEGAL SERVICES CORPORATION FUND.
(B) ADMINISTRATION.
THE ADMINISTRATIVE OFFICE OF THE COURTS SHALL ADMINISTER THE FUND.
(C) STATUS.
THE FUND IS A SPECIAL, NONLAPSING FUND THAT IS NOT SUBJECT TO § 7-302
OF THE STATE FINANCE AND PROCUREMENT ARTICLE.
(D) COMPOSITION.
THE FUND CONSISTS OF:
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- 566 -
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