§ 25-311. Distribution of proceeds

West's Annotated Code of MarylandAlcoholic Beverages and CannabisEffective: July 1, 2019

West's Annotated Code of Maryland
Alcoholic Beverages and Cannabis (Refs & Annos)
Division II. Provisions Affecting Individual Jurisdictions [Titles 9-33] (Refs & Annos)
Title 25. Montgomery County (Refs & Annos)
Subtitle 3. Alcohol Beverage Services (Refs & Annos)
Effective: July 1, 2019
MD Code, Alcoholic Beverages, § 25-311
Formerly cited as MD CODE, Art. 2B, § 15-207
§ 25-311. Distribution of proceeds
Currentness
Deposit of revenue
(a) Revenue derived from the sale of alcoholic beverages shall be:
(1) deposited in a bank located in the county in the name of Montgomery County, Maryland; and
(2) disbursed by the Director of Finance in the same manner as other county funds.
Alcohol Beverage Services Fund
(b)(1) There is an Alcohol Beverage Services Fund in the county.
(2) The proceeds derived from the sale of alcoholic beverages shall be credited into the Alcohol Beverage Services Fund to maintain an adequate balance of working capital, as determined by the Director and the Director of Finance and subject to the approval of the County Executive, for the continued operation of the dispensary system.
(3) After providing adequate working capital for the Alcohol Beverage Services Fund, the net proceeds shall be deposited to the general fund of the county.

Credits

Added by Acts 2016, c. 41, § 2, eff. July 1, 2016. Amended by Acts 2019, c. 673, § 1, eff. July 1, 2019.
MD Code, Alcoholic Beverages, § 25-311, MD AL BEV § 25-311
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document