§ 1-203.3. Fund for costs of reviewing, processing, and auditing documents.
(a) Established.- There is a continuing, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(b) Use of fund.- Subject to the appropriation process in the State budget, the Department shall use the fund:
(1) For the costs of reviewing, processing, and auditing documents filed or requested under this article or other articles of the Code; and
(2) To pay redemption or extinguishment amounts to former owners of ground rents redeemed or extinguished in accordance with § 8-110 of the Real Property Article.
(c) Accounting.- The State Treasurer shall hold and the State Comptroller shall account for the fund.
(d) Investments - In general.- The fund shall be invested and reinvested in the same manner as other State funds.
(e) Investments - Earnings.- Investment earnings shall accrue to the benefit of the fund.
§ 1-203.3. Fund for costs of reviewing, processing, and auditing documents.
(a) Established.- There is a continuing, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(b) Use of fund.- Subject to the appropriation process in the State budget, the Department shall use the fund:
(1) For the costs of reviewing, processing, and auditing documents filed or requested under this article or other articles of the Code; and
(2) To pay redemption or extinguishment amounts to former owners of ground rents redeemed or extinguished in accordance with § 8-110 of the Real Property Article.
(c) Accounting.- The State Treasurer shall hold and the State Comptroller shall account for the fund.
(d) Investments - In general.- The fund shall be invested and reinvested in the same manner as other State funds.
(e) Investments - Earnings.- Investment earnings shall accrue to the benefit of the fund.
§ 1-203.3. Fund for costs of reviewing, processing, and auditing documents.
(a) Established.- There is a continuing, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(b) Use of fund.- Subject to the appropriation process in the State budget, the Department shall use the fund:
(1) For the costs of reviewing, processing, and auditing documents filed or requested under this article or other articles of the Code; and
(2) To pay redemption or extinguishment amounts to former owners of ground rents redeemed or extinguished in accordance with § 8-110 of the Real Property Article.
(c) Accounting.- The State Treasurer shall hold and the State Comptroller shall account for the fund.
(d) Investments - In general.- The fund shall be invested and reinvested in the same manner as other State funds.
(e) Investments - Earnings.- Investment earnings shall accrue to the benefit of the fund.
