Section 7-331 – Opioid Restitution Fund
** CONTINGENCY – NOT IN EFFECT – CHAPTER 537 OF 2019 ** (a) In this section, “Fund” means the Opioid Restitution Fund. (b) There is an Opioid Restitution Fund. (c) The purpose of the Fund is to retain the amount of settlement revenues deposited to the Fund in accordance with subsection (e)(1) of this section. (d) (1) The Fund is […]
Section 7-307 – New or Substantially Renovated Facility
(a) Unless the State budget expressly provides otherwise, whenever a new or substantially renovated facility does not begin operation on the date that was used to determine the amount of the appropriation to the facility in the State budget, the part of the appropriation for operating expenses that is not needed to provide services to the […]
Section 7-330 – Fiscal Responsibility Fund
(a) (1) In this section the following words have the meanings indicated. (2) “Fund” means the Fiscal Responsibility Fund. (3) (i) “Nonwithholding income tax revenues” means the State share of income tax quarterly estimated and final payments with returns made by individuals, as defined in § 10–101 of the Tax – General Article. (ii) “Nonwithholding income tax revenues” does not include: […]
Section 7-308 – Notice of Reversions
The Secretary of Budget and Management shall give each member of the General Assembly notice of: (1) the total reversions at the end of each fiscal year; and (2) any revision of an estimated reversion from an appropriation in the State budget for the current fiscal year.
Section 7-309 – State Reserve Fund
(a) There is a State Reserve Fund. (b) The State Reserve Fund comprises: (1) the Dedicated Purpose Account; (2) the Revenue Stabilization Account; (3) the Economic Development Opportunities Program Account; and (4) the Catastrophic Event Account.
Section 7-310 – Dedicated Purpose Account
(a) In this section, “Account” means the Dedicated Purpose Account. (b) The Dedicated Purpose Account is established: (1) to retain appropriations for major, multi-year expenditures where the magnitude and timing of cash needs are uncertain; and (2) beginning in fiscal year 1996, to meet specific expenditure requirements. (c) The Governor may provide an appropriation in the budget bill to the […]
Section 7-310.1 – Money Received as Result of Settlement, Judgment, or Consent Decrees
(a) Any money received by the State or otherwise subject to the direction or control of a State official, as a result of a settlement, judgment, or consent decree made or entered into after January 1, 2012: (1) shall be deposited in the State treasury; and (2) except for funds designated as restitution: (i) shall be expended only as […]
Section 7-311 – Revenue Stabilization Account
(a) (1) In this section the following words have the meanings indicated. (2) “Account” means the Revenue Stabilization Account. (3) “Estimated General Fund revenues” means the estimated General Fund revenues for a fiscal year stated in the report of the Board of Revenue Estimates submitted to the Governor under § 6–106 of this article in December preceding the fiscal […]
Section 7-312 – Maryland Stadium Facilities Fund
(a) There is a Maryland Stadium Facilities Fund. (b) The Fund is: (1) a special, nonlapsing fund that consists of money that may be appropriated, transferred, credited, or paid to it from any source; and (2) not subject to § 7–302 of this subtitle. (c) The Treasurer shall separately hold, and the Comptroller shall account for, the Fund. (d) (1) The Fund […]
Section 7-314 – Economic Development Opportunities Account
(a) (1) In this section the following words have the meanings indicated. (2) “Account” means the Economic Development Opportunities Program Account. (3) “Executive agency” means an executive department or agency in the Executive Branch of State government, including all offices of the Executive Department or agency directly responsible to the Governor. (4) “Extraordinary economic development opportunity” means the: (i) attraction of […]