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§ 4.5-203. Home Builder Registration Fund

West's Annotated Code of MarylandBusiness RegulationEffective: July 1, 2016

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 4.5. Home Builder Registration (Refs & Annos)
Subtitle 2. Home Builder Registration Unit; Home Builder Registration Fund (Refs & Annos)
Effective: July 1, 2016
MD Code, Business Regulation, § 4.5-203
§ 4.5-203. Home Builder Registration Fund
(a)(1) There is a Home Builder Registration Fund.
(2) The Division shall administer the Registration Fund.
(3) The Registration Fund shall be used to cover the actual documented direct and indirect costs incurred for the administration and enforcement of the Maryland Home Builder Registration Act.1
(4) The Registration Fund is a continuing, nonlapsing fund, and is subject to § 7-302 of the State Finance and Procurement Article.
(5) Unspent assets of the Registration Fund shall remain in the Registration Fund and may not revert or be transferred to the General Fund of the State.
(6) The Registration Fund may not be supported by appropriations of State funds.
(b) The Division shall pay all funds collected under §§ 4.5-303, 4.5-304, and 4.5-305 of this title to the Comptroller, who shall distribute the fees to the Registration Fund.
(c) The accounts and transactions of the Registration Fund shall be subject to audit by the Legislative Auditor in accordance with §§ 2-1220 through 2-1227 of the State Government Article.

Credits

Added by Acts 2000, c. 522, § 1, eff. Jan. 1, 2001. Amended by Acts 2001, c. 29, § 1, eff. April 10, 2001; Acts 2002, c. 492, § 1, eff. July 1, 2002; Acts 2002, c. 530, § 1, eff. Jan. 1, 2003; Acts 2008, c. 480, § 1, eff. Oct. 1, 2008; Acts 2008, c. 481, § 1, eff. Oct. 1, 2008; Acts 2016, c. 49, § 1, eff. July 1, 2016.

Footnotes

Business Regulation, § 4.5-101 et seq.
MD Code, Business Regulation, § 4.5-203, MD BUS REG § 4.5-203
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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