Section 15-103 - Fair Campaign Financing Fund. - Maryland Statutes

§ 15-103. Fair Campaign Financing Fund.
 

(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. 
 

[An. Code 1957, art. 33, §§ 15-104(a), (e)(2), (f), 15-109; 2002, ch. 291, § 4; 2010, ch. 484, § 3.]