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§ 18-109. Notary Public Fund

West's Annotated Code of MarylandState GovernmentEffective: July 1, 2021

West's Annotated Code of Maryland
State Government (Refs & Annos)
Title 18. Notarial Acts (Refs & Annos)
Subtitle 1. Notaries Public (Refs & Annos)
Effective: July 1, 2021
MD Code, State Government, § 18-109
§ 18-109. Notary Public Fund
Fund defined
(a) In this title, “Fund” means the Notary Public Fund.
Established
(b) There is a Notary Public Fund.
Purpose
(c) The purpose of the Fund is to provide funding to support the actions of the Secretary of State in implementing, regulating, administering, and enforcing this title.
Administration
(d) The Secretary of State shall administer the Fund.
Nature of Fund
(e)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
Contents of Fund
(f) The Fund consists of:
(1) revenue distributed to the Fund under §§ 18-103(e)(5)(ii) and 18-108(b)(3) of this subtitle;
(2) money appropriated in the State budget to the Fund; and
(3) any other money from any other source accepted for the benefit of the Fund.
Use of Fund
(g) The Fund may be used only to cover the expenses, including administrative expenses, of the Office of the Secretary of State in carrying out the duties of the Secretary of State under this title.
Investment and interest earnings of Fund
(h)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any interest earnings of the Fund shall be credited to the Fund.
Expenditures from Fund
(i) Expenditures from the Fund may be made only in accordance with the State budget.

Credits

Added by Acts 2021, c. 649, § 1, eff. July 1, 2021.
MD Code, State Government, § 18-109, MD STATE GOVT § 18-109
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document