Ch. 1                                       1992 LAWS OF MARYLAND

Article - Commercial Law

17-317.

(a) (1) All funds received under this title, including the proceeds of the sale of
abandoned property under § 17-316 of this subtitle, shall be credited by the administrator
to a special fund. The administrator shall retain in the special fund at the end of each
fiscal year, from the proceeds received, an amount not to exceed $50,000, from which sum
the administrator shall pay any claim allowed under this title.

(2)     After deducting all costs incurred in administering this title [on a pro
rata basis, the balance of funds shall be distributed at least once annually or at any other
time that the administrator determines.

(3)     The funds distributed under paragraph (2) of this subsection shall be
allocated to each of the counties and to Baltimore City in the same proportions as the
General Fund, each county, and Baltimore City received the funds for fiscal year 1981.

(4)     (i) After an allocation has been made under paragraph (3) of this
subsection, the net amount due to the General Fund of the State shall subsequently be
reduced by a deduction of up to $500,000.

(ii) The deduction made under subparagraph (i) of this paragraph
shall be paid] FROM THE REMAINING NET FUNDS THE ADMINISTRATOR
SHALL DISTRIBUTE $500,000 to the Maryland Legal Services Corporation to support
the activities of the corporation.

(3) AFTER MAKING THE DISTRIBUTION REQUIRED UNDER
PARAGRAPH (2) OF THIS SUBSECTION, THE ADMINISTRATOR SHALL
DISTRIBUTE THE REMAINING NET FUNDS NOT RETAINED UNDER
PARAGRAPH (1) OF THIS SUBSECTION TO THE GENERAL FUND OF THE
STATE.

Article - Education

5-202.

(a) (1) In this section the following words have the meanings indicated.

(2) (i) "Assessed valuation of real property" means the most recent
estimate made by the State Department of Assessments and Taxation before the annual
State budget is submitted to the General Assembly, of the assessed value of real property
for State purposes as of July 1 of the first completed fiscal year before the school year for
which the calculation of State aid is made under this section.

(ii) In all assessable bases, for the purpose of this paragraph,
preferentially assessed agricultural land shall be included at 50 percent of farm use
valuation as determined in accordance with farm use assessment standards established by
the Department of Assessments and Taxation.

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