Section 11-401 - Financing. - Maryland Statutes

§ 11-401. Financing.
 

(a)  Appropriation in the State budget.- In the State operating budget or in any supplemental budget that the Governor submits to the General Assembly, the Governor shall appropriate at least $500,000 each year to the Maryland Legal Services Corporation Fund established under § 11-402 of this subtitle. 

(b)  Transfer from abandoned property funds.-  

(1) To support or add to the appropriation under subsection (a) of this section, on July 1 of each year, the Governor may transfer to the Fund up to $500,000 from the portion of abandoned property funds deposited in the General Fund of the State under § 17-317 of the Commercial Law Article. 

(2) If, after deducting all costs of administering the abandoned property fund, the balance in the portion of abandoned property funds deposited in the General Fund of the State under § 17-317 of the Commercial Law Article is less than $500,000, only the balance may be transferred in accordance with paragraph (1) of this subsection. 

(c)  Nonstate funds.- Nonstate funds received by the Corporation shall be accounted for and reported as receipts and disbursements separate and distinct from State funds. 
 

[An. Code 1957, art. 10, § 45-O(a), (b), (d); 2007, ch. 3, § 2.]