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§ 5-304. Funds, grants, and services for Department use

West's Annotated Code of MarylandState Finance and Procurement

West's Annotated Code of Maryland
State Finance and Procurement
Division I. State Finance [Titles 1-10a] (Refs & Annos)
Title 5. State Planning (Refs & Annos)
Subtitle 3. General Authority and Responsibilities of Department (Refs & Annos)
MD Code, State Finance and Procurement, § 5-304
§ 5-304. Funds, grants, and services for Department use
Currentness
In general
(a) The Department may accept funds, grants, and services from public and private sources to carry out its powers and duties.
Fees
(b)(1)(i) The Department may charge reasonable fees for services and products.
(ii) The fees charged may not exceed the cost of providing the service or product.
(2) All fees collected under this subsection shall be credited to a continuing nonlapsing fund that is not subject to § 7-302 of this article.
(3) Subject to the appropriation process in the State budget, the Department shall use the fund for the costs of operating.
(4) The State Treasurer shall hold and the State Comptroller shall account for the fund.
(5) The fund shall be invested and reinvested in the same manner as other State funds.
(6) Investment earnings accrue to the benefit of the fund.

Credits

Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 1989, c. 540, § 1; Acts 1993, c. 26, § 1, eff. Oct. 1, 1993; Acts 2000, c. 209, § 2, eff. July 1, 2000.
Formerly Art. 88C, § 2.
MD Code, State Finance and Procurement, § 5-304, MD STATE FIN & PROC § 5-304
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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