(a) Established.- There is a Fair Campaign Financing Fund.
(b) Administration.- The Comptroller shall administer the Fund in accordance with this section.
(c) Money in Fund.- In accordance with this title, the Comptroller shall:
(1) credit to the Fund all money collected under this title;
(2) subject to the usual investing procedures for State funds, invest the money in the Fund; and
(3) make distributions from the Fund promptly on authorization by the State Board.
(d) Procedure for distributions.- The Comptroller shall distribute public contributions:
(1) only on authorization of the State Board; and
(2) as to each eligible gubernatorial ticket, to the same campaign account of a single campaign finance entity established under Title 13, Subtitle 2 of this article.
(e) Report of Fund balance.- The Comptroller shall submit a statement of the Fund's balance to the State Board at the State Board's request and on May 15 of each year.
(a) Established.- There is a Fair Campaign Financing Fund.
(b) Administration.- The Comptroller shall administer the Fund in accordance with this section.
(c) Money in Fund.- In accordance with this title, the Comptroller shall:
(1) credit to the Fund all money collected under this title;
(2) subject to the usual investing procedures for State funds, invest the money in the Fund; and
(3) make distributions from the Fund promptly on authorization by the State Board.
(d) Procedure for distributions.- The Comptroller shall distribute public contributions:
(1) only on authorization of the State Board; and
(2) as to each eligible gubernatorial ticket, to the same campaign account of a single campaign finance entity established under Title 13, Subtitle 2 of this article.
(e) Report of Fund balance.- The Comptroller shall submit a statement of the Fund's balance to the State Board at the State Board's request and on May 15 of each year.
(a) Established.- There is a Fair Campaign Financing Fund.
(b) Administration.- The Comptroller shall administer the Fund in accordance with this section.
(c) Money in Fund.- In accordance with this title, the Comptroller shall:
(1) credit to the Fund all money collected under this title;
(2) subject to the usual investing procedures for State funds, invest the money in the Fund; and
(3) make distributions from the Fund promptly on authorization by the State Board.
(d) Procedure for distributions.- The Comptroller shall distribute public contributions:
(1) only on authorization of the State Board; and
(2) as to each eligible gubernatorial ticket, to the same campaign account of a single campaign finance entity established under Title 13, Subtitle 2 of this article.
(e) Report of Fund balance.- The Comptroller shall submit a statement of the Fund's balance to the State Board at the State Board's request and on May 15 of each year.
