Section 10-301 – “Real or Personal Property” Defined
In this subtitle, “real or personal property” includes: (1) the inland waters of the State and the land under those waters; (2) the waters of the Atlantic Ocean for 3 miles from the low watermark of the coast of the State bordering on that ocean and the land under those waters; and (3) any legal or equitable rights, […]
Section 8-407 – Compliance With Internal Revenue Code; Exclusion of Interest From Gross Income
(a) (1) In this section the following words have the meanings indicated. (2) “Code” means the Internal Revenue Code of 1986 and includes regulations and rulings issued under that Code. (3) (i) “Financial officer” means the secretary of the principal department that includes the appropriate unit or the head of the unit if the unit is an independent unit. (ii) “Financial […]
Section 10-302 – Scope of Subtitle
This subtitle does not apply to the transfer or disposal of excess personal property or surplus personal property under Title 4, Subtitle 5 of this article.
Section 9-102 – Findings; Statement of Purpose
(a) The General Assembly finds that it is desirable for the State to have a program of purchased insurance and self-insurance against loss, damage, and liability that the State may incur. (b) The General Assembly intends that the State: (1) insure against loss, damage, and liability as fully as permitted by law or agreement; and (2) have a program […]
Section 10-302.1 – Certain Agricultural Lands Excepted
This subtitle does not apply to: (1) the release of a lot subject to an agricultural land preservation easement under § 2–513 of the Agriculture Article; or (2) the sale, transfer, exchange, lease, or other disposition of real property held by the Maryland Agricultural Land Preservation Foundation under the Critical Farms Program under § 2–517 of the […]
Section 9-103 – Program and Fund Established
(a) There is a State Insurance Program for providing and administering purchased insurance and self-insurance for the State, including: (1) insurance on State property; (2) insurance that federal law requires; (3) insurance trust agreements; and (4) insurance against other risk or commitment of the State. (b) (1) There is a State Insurance Trust Fund. (2) The Fund consists of: (i) each General Fund and […]
Section 9-104 – General Powers and Duties of Treasurer
(a) (1) Subject to any limitation in an agreement or law, the Treasurer is responsible for the Program. (2) The Treasurer shall administer the Fund. (3) Notwithstanding any law that authorizes a unit of the State government to buy insurance, the Treasurer may: (i) buy the insurance in accordance with Division II of this article; or (ii) require the unit to […]
Section 9-105 – Forms of Insurance
(a) (1) The Treasurer shall provide self-insurance for: (i) loss of or damage to State motor vehicles; (ii) loss of or damage to hulls of State vessels; (iii) loss of or damage to State real property, to the extent that purchased insurance does not cover the loss or damage; and (iv) loss as a result of a settlement or judgment to […]
Section 9-106 – Assessment of Premium
(a) If a unit of the State government is funded by special or federal funds, the Treasurer shall assess the unit a premium for coverage under the Fund that is needed to pay losses due to total protection or applicable deductions on purchased insurance. (b) After considering the potential exposure of the Fund and its loss experience, […]
Section 9-107 – Payment on Losses
(a) Subject to the limitations in this section, the Treasurer shall pay a unit of the State government for a loss that is covered under § 9-105 of this title, without regard to whether the unit is funded wholly or partly from general, special, or federal funds. (b) (1) The unit of the State government that had State […]