Md. Code, Fin. Inst. § 11-203.3

Current with changes from the 2024 Legislative Session
Section 11-203.3 - Credit of revenue from licensing and payment of fines and penalties into various funds
(a) All revenue received for the licensing and assessment of persons under this subtitle and Subtitle 3 of this title and any other fee or revenue received by the Commissioner under this subtitle shall be:
(1) Credited to the Non-Depository Special Fund established under § 2-120 of this article; and
(2) Used in accordance with § 2-120(d) of this article.
(b) Notwithstanding subsection (a) of this section, the Commissioner shall pay all fines and penalties collected by the Commissioner under this subtitle and Subtitle 3 of this title into the General Fund of the State.
(c) Subject to § 2-120(h) of this article, the Commissioner may impose an annual assessment on any licensee under this subtitle.

Md. Code, FI § 11-203.3

Amended by 2023 Md. Laws, Ch. 567, Sec. 1, eff. 7/1/2023.
Added by 2018 Md. Laws, Ch. 479, Sec. 1, eff. 6/1/2018.