Section 5-103 - Transfer of funds. - Maryland Statutes

§ 5-103. Transfer of funds.
 

(a)  Scope of section.- This section applies notwithstanding any other law. 

(b)  In general.- Subject to subsections (d) and (e) of this section, the Secretary may transfer money among any of the accounts that are: 

(1) in the Department or subject to its control; and 

(2) used to provide financial support of any kind. 

(c)  Transfers to Economic Development Opportunities Program Account.- Subject to subsections (d) and (e) of this section, the Secretary may transfer money to the Economic Development Opportunities Program Account established under § 7-314 of the State Finance and Procurement Article from any of the accounts that are: 

(1) in the Department or subject to its control; and 

(2) used to provide financial support of any kind. 

(d)  Transfers from Industrial Development Fund.- A transfer under this section from the Industrial Development Fund shall comply with § 5-432 of this title. 

(e)  Amendment process.- A transfer under this section shall comply with the amendment process for appropriations established by § 7-209 of the State Finance and Procurement Article. 
 

[An. Code 1957, art. 83A, § 5-103; 2008, ch. 306, § 2; ch. 307, § 1.]