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§ 2-106.11. Maryland Home Improvement Commission Special Fund

West's Annotated Code of MarylandBusiness RegulationEffective: July 1, 2018

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 2. Maryland Department of Labor (Refs & Annos)
Effective: July 1, 2018
MD Code, Business Regulation, § 2-106.11
§ 2-106.11. Maryland Home Improvement Commission Special Fund
(a)(1) In this section the following words have the meanings indicated.
(2) “Commission” means the Maryland Home Improvement Commission.
(3) “Special Fund” means the Maryland Home Improvement Commission Special Fund.
(b)(1) There is a Maryland Home Improvement Commission Special Fund in the Department.
(2) The Special Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(c) The Special Fund consists of fees collected by the Commission and distributed to the Special Fund under Title 8 of this article.
(d) The Special Fund shall be used to cover the actual documented direct and indirect costs of fulfilling the statutory and regulatory duties of the Commission.
(e) The Secretary or a designee of the Secretary shall administer the Special Fund.
(f) The legislative auditor shall audit the accounts and transactions of the Special Fund as provided in § 2-1220 of the State Government Article.
(g) At the end of each fiscal year, any unspent and unencumbered portion of the Special Fund in excess of $100,000 shall revert to the General Fund of the State.
(h) Any investment earnings of the Special Fund shall be credited to the General Fund of the State.

Credits

Added by Acts 2017, c. 255, § 1, eff. July 1, 2018.
MD Code, Business Regulation, § 2-106.11, MD BUS REG § 2-106.11
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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