reglab/statecodes huggingface dataset:
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part IV - Archaeological Property › Section 5A-340 - Submerged Archaeological Historic Property -- in General

(a)    Submerged archaeological historic property on or taken from underwater land over which the State has sovereign control is the property of the State.
(b)    The State may convey title to part or all of submerged archaeological historic property it owns in accordance with a permit, if the Board of Public Works approves the permit in accordance with Title 10, Subtitle 3 of this article.
(c)    (1)    The Trust and a holder of a permit under § 5A-341 of this subtitle may enter into an agreement to dispose of submerged archaeological historic property recovered by the holder.
(2)    The agreement may divide the recovered submerged archaeological historic property between the State and the holder.
(3)    Subject to approval of the Board of Public Works, the division may be in value or in kind.
(4)    The Trust shall be the arbiter of the division, acting in the best interest of the State and giving consideration to the fair treatment of the permit holder.
(5)    An agreement under this subsection shall provide reasonable compensation to the permit holder for any recovered submerged archaeological historic property claimed and turned over to the State.
(d)    The Trust shall:
(1)    establish an educational program to train interested members of the public to identify and register submerged archaeological historic property; and
(2)    certify members of the public who successfully complete the educational program.
(e)    (1)    The Trust shall adopt regulations on issuing permits and disposing of and transferring submerged archaeological historic property under this subtitle.
(2)    The regulations shall be adopted:
(i)    with the approval of the Secretary; and
(ii)    in consultation with the Federal Advisory Council on Historic Preservation and appropriate public and private sector groups in the State, including sport divers, professional dive operators, dive clubs, salvors, archaeologists, commercial fishermen, and historic preservationists.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part IV - Archaeological Property › Section 5A-342 - Terrestrial Archaeological Excavation

(a)    Without a permit, a person may not excavate, remove, destroy, injure, deface, or disturb a terrestrial archaeological site on land that the State owns or controls.
(b)    The Trust does not need a permit to do anything for which a permit is required under this section.
(c)    The Trust may issue a permit to excavate a terrestrial archaeological site on land the State owns or controls to any person that the Trust determines is qualified to conduct an excavation to collect objects and materials of historical or archaeological value or interest.
(d)    A terrestrial archaeological excavation may be conducted only to benefit a reputable museum, an institution of higher education, or another recognized scientific or historical institution or organization, so as to increase knowledge and appreciation of historical and archaeological objects and materials.
(e)    The Trust may adopt regulations to ensure that objects and materials collected in a terrestrial archaeological excavation are properly safeguarded and preserved.
(f)    The Director or the Director’s designee may enforce the provisions of this subtitle relating to terrestrial archaeological historic property in the same manner as provided in § 5A-341(i) of this subtitle for submerged archaeological historic property.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part IV - Archaeological Property › Section 5A-343 - Caves

(a)    (1)    This section applies to all archaeological, prehistoric, and historic features found in any cave, including:
(i)    all or any part of any burial grounds, historic or prehistoric ruins, and archaeological sites; and
(ii)    relics, inscriptions, saltpeter workings, fossils, bones, and remains of historical human activity.
(2)    Without a permit issued under this section, a person may not excavate, remove, destroy, injure, deface, or disturb features found in a cave.
(b)    In accordance with §§ 5A-341 and 5A-342 of this subtitle, an individual trained in archaeology may apply for and be issued a permit to excavate or remove features described in subsection (a) of this section from or in a cave on land that the State owns or controls by rights under a lease, option contract, or purchase contract.
(c)    (1)    An individual may apply for a permit to excavate or remove archaeological, prehistoric, and historic features from a cave on privately owned land.
(2)    An applicant for a permit shall:
(i)    be trained in archaeology;
(ii)    give the Trust a detailed statement of the purposes and objectives of the proposed excavation or removal;
(iii)    agree to provide the Trust with information from and results of any excavation, study, or collection in accordance with the terms of the permit;
(iv)    obtain the prior written consent of the owner of the land on which the excavation or removal will be conducted; and
(v)    agree to carry the permit while conducting the excavation or removal authorized by the permit.
(3)    A permit may be issued for a maximum term of 2 years and may be renewed.
(4)    A permit is not transferable, but a person working under the direct supervision of the permit holder need not obtain a separate permit.
(d)    Any object or material of archaeological, prehistoric, or historic value or interest found in a cave on privately owned land is the property of the owner of the land.
(e)    If a person uses a cave for recreational or scientific purposes with the prior consent of and without a charge by the owner and sustains an injury, the owner and an authorized agent of the owner acting within the scope of the agent’s authority are not liable for the injury.
(f)    The Director and the Director’s designee may enforce the provisions of this part relating to archaeological historic property found in caves in the same manner as provided in § 5A-341(i) of this subtitle for submerged archaeological historic property.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part IV - Archaeological Property › Section 5A-344 - Hearings

(a)    If the Director or the Director’s designee takes any enforcement action under this subtitle against a permit holder, the permit holder shall be given an opportunity for a hearing before the Secretary.
(b)    Subject to subsection (c) of this section, notice shall be given and the hearing shall be held in accordance with Title 10, Subtitle 2 of the State Government Article.
(c)    The Director or the Director’s designee shall provide notice that a hearing will be held within 30 days after the enforcement action, unless a different period is agreed to by the parties.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part IV - Archaeological Property › Section 5A-345 - Archaeological Historic Property on Privately Owned Land

(a)    The provisions of this subtitle that protect property on land under State control if it is submerged archaeological historic property, terrestrial archaeological historic property, or archaeological historic property in a cave may apply to similar historic property on privately owned land if:
(1)    the owner asks the Trust in writing to apply the provisions to the property; and
(2)    the Trust determines that the property is eligible for the Maryland Register of Historic Properties and deserves protection.
(b)    Unless the State controls privately owned land by rights under a lease, option contract, or purchase contract, this subtitle does not:
(1)    limit the use of the land by the owner or the owner’s guest; or
(2)    require the owner or guest to hold a permit before conducting any activity on the land.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part IV - Archaeological Property › Section 5A-346 - Prohibited Acts; Penalties

(a)    (1)    A person who violates § 5A-339, § 5A-341, § 5A-342, or § 5A-343 of this subtitle, or a regulation adopted under any of those sections is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 30 days or a fine not exceeding $1,000 or both.
(2)    If a person is found guilty of a violation under paragraph (1) of this subsection, the court:
(i)    may impose costs against the person; and
(ii)    on request by the Trust, may revoke any permit issued to the person under § 5A-340, § 5A-341, § 5A-342, or § 5A-343 of this subtitle.
(3)    Each day on which a violation occurs is a separate violation.
(b)    (1)    A person who violates any term of a permit issued under § 5A-341 of this subtitle for use of a submerged archaeological historic property for commercial salvage or other income-producing purpose is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 1 year or a fine not exceeding $10,000 or both.
(2)    If a person is found guilty of a violation under paragraph (1) of this subsection, the court:
(i)    may impose costs against the person; and
(ii)    on request by the Trust, may revoke the person’s permit.
(3)    Each day on which a violation occurs is a separate violation.
(c)    Materials and recorded information obtained in violation of § 5A-339, § 5A-341, § 5A-342, or § 5A-343 of this subtitle are subject to appropriation by the State and will be managed, cared for, and administered by the Trust.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-349 - Definitions

(a)    In this part the following words have the meanings indicated.
(b)    “Operating support” means money for necessary administrative, technical, or professional services, and related expenses.
(c)    “Panel” means the Museum Assistance Review Panel.
(d)    “Program” means the Historical and Cultural Museum Assistance Program.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-350 - Scope

This part applies to a museum in the State that:
(1)    is organized on a nonprofit basis for essentially educational or preservation purposes;
(2)    cares for tangible inanimate objects that the museum owns or uses;
(3)    exhibits those objects to the public on a regular schedule; and
(4)    interprets the State’s cultural heritage, history, natural history, or history of science and technology.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-351 - Findings

(a)    The General Assembly finds that:
(1)    museums present, interpret, and preserve unusual and significant objects of the State’s heritage for the benefit, enjoyment, and education of the residents of the State;
(2)    museums are unique and beneficial resources that supplement the State’s educational system;
(3)    museums are repositories and caretakers of irreplaceable cultural objects for the benefit of today’s generation and generations yet to come;
(4)    museums, including those located in small communities, play an important and cost-effective role in the State’s leisure time and tourism industry;
(5)    it is not feasible or desirable to display the entire history and heritage of the State in a single facility at one location;
(6)    the history and heritage of the State should be displayed and interpreted to the public where the history happened and the heritage arose, so that centers of community pride may be created and tourist activity may be dispersed throughout the State; and
(7)    the public interest is served by helping museums to become more accessible and by helping residents of the State and visitors to understand the State’s diverse heritage.
(b)    The General Assembly finds that the public interest is served by establishing a program of financial assistance to support the upgrade, care, research, interpretation, documentation, and display of the State’s irreplaceable museum collections.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-353 - Purpose of Program

(a)    The purpose of the Program is to provide political subdivisions and nonprofit organizations with financial assistance for museums.
(b)    The Program shall make grants from the MHT Grant Fund under § 5A-328 of this subtitle to political subdivisions and nonprofit organizations for use by museums for:
(1)    research related to collections, exhibits, or other educational activities;
(2)    the care, conservation, interpretation, and documentation of collections;
(3)    the planning, design, and construction of exhibits;
(4)    educational programs and projects;
(5)    the development of master plans for museums, including activities required to achieve accreditation by the American Association of Museums or another appropriate entity;
(6)    minor structural modifications to existing museum facilities;
(7)    the development of plans and specifications and the provision of architectural, engineering, or other special services directly related to the construction or rehabilitation of museum facilities; or
(8)    operating support for any museum-related activity, including activities described in items (1) through (7) of this subsection.
(c)    On or before December 31 of each year, the Trust shall report to the Governor and, subject to § 2-1257 of the State Government Article, to the General Assembly on the financial status and the activities of the Program for the preceding fiscal year.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-354 - Museum Assistance Review Panel

(a)    There is a Museum Assistance Review Panel in the Program.
(b)    (1)    The Panel shall include as members:
(i)    the President of the Senate or the President’s designee; and
(ii)    the Speaker of the House of Delegates or the Speaker’s designee.
(2)    The Secretary shall appoint the other members of the Panel.
(3)    Of the members that the Secretary appoints:
(i)    one shall be a representative of the Executive Branch with functions related to the purposes of the Program; and
(ii)    the others shall fairly represent museums eligible for assistance under this part.
(c)    (1)    The Panel shall:
(i)    advise the Secretary and the staff of the Trust regarding Program policies and activities;
(ii)    review applications for grants under the Program and recommend approval or disapproval to the Secretary; and
(iii)    seek the advice and recommendations of the State Archivist in reviewing grant applications that relate in any part to the care and preservation of, or access to, archival material.
(2)    The Panel shall recommend approval of a grant only after a competitive selection process.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-355 - Duties of Trust

(a)    The Trust shall administer the Program and coordinate the Program with federal, State, and private programs that complement or facilitate carrying out the Program.
(b)    The Trust shall:
(1)    survey the locations, resources, and needs of museums in the State;
(2)    provide technical and general advisory assistance to museums that qualify or seek to qualify for grants under the Program; and
(3)    encourage museums to develop long-range plans and to achieve accreditation by the American Association of Museums or another appropriate entity that accredits museums and helps them to meet professional standards.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-356 - Museum Ineligibility

The Trust may not make a grant to a museum that:
(1)    currently is receiving operating support from the Maryland State Arts Council;
(2)    is operated wholly or partly by the State; or
(3)    has not existed as a nonprofit organization for at least 3 years before applying for the grant.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-357 - Reserve Money

In any fiscal year, the Secretary may reserve up to 20% of the money available in the MHT Grant Fund under § 5A-328 of this subtitle for unanticipated projects eligible for assistance under § 5A-353 of this subtitle.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-358 - Regulations

(a)    The Department shall adopt regulations to carry out the Program, including:
(1)    application and review procedures;
(2)    procedures for adequate public notice of assistance available under the Program; and
(3)    selection standards that the Panel shall consider in reviewing applications for grants.
(b)    Selection standards under subsection (a)(3) of this section include:
(1)    the relative merits of the project or activities within identified statewide needs;
(2)    the extent to which the appropriate political subdivision contributes to support the project;
(3)    the potential for the project to stimulate increased tourism, museum attendance, or museum self-sufficiency; and
(4)    other relevant factors, such as the extent to which the project helps achieve equal geographic distribution of grant assistance throughout the State.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 3 - Maryland Historical Trust › Part V - Historical and Cultural Museum Assistance Program › Section 5A-359 - False Statements or Reports

(a)    A person may not knowingly make or cause to be made a material misstatement of fact in a statement or report in or regarding an application for a grant or affecting a grant already made.
(b)    A person who violates this section is guilty of a misdemeanor and on conviction is subject to imprisonment not exceeding 2 years or a fine not exceeding $5,000 or both.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 4 - Agricultural Structures › Section 5A-401 - Definitions

(a)    In this subtitle the following words have the meanings indicated.
(b)    “Committee” means the Maryland Advisory Committee on Historic Agricultural Structure Preservation.
(c)    “Fund” means the Maryland Barn Preservation Fund.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 4 - Agricultural Structures › Section 5A-402 - Maryland Advisory Committee on Historic Agricultural Structure Preservation

(a)    There is a Maryland Advisory Committee on Historic Agricultural Structure Preservation.
(b)    (1)    The Committee consists of 10 members.
(2)    The ex officio members are:
(i)    the Secretary of Agriculture, or the Secretary’s designee;
(ii)    the Secretary of Commerce, or the Secretary’s designee;
(iii)    the Secretary of Planning, or the Secretary’s designee;
(iv)    the Director of the Maryland Historical Trust; and
(v)    the Director of the Maryland Cooperative Extension.
(3)    The Governor shall appoint the other five members, of whom:
(i)    one shall be from a list of at least two nominees representing the Maryland State Grange;
(ii)    one shall be from a list of at least two nominees representing the Maryland Farm Bureau;
(iii)    two shall be individuals actively engaged in agriculture; and
(iv)    one shall be a member of the Maryland Environmental Trust.
(c)    The Secretary of Planning serves as chair.
(d)    The term of an appointed member is 4 years.
(e)    A member of the Committee:
(1)    may not receive compensation as a member; but
(2)    is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 4 - Agricultural Structures › Section 5A-403 - Barn Preservation Fund

(a)    There is a Barn Preservation Fund in the Department of Planning.
(b)    The Fund shall be used to make grants to preserve historic barns and agricultural structures in the State.
(c)    The Fund consists of:
(1)    money appropriated in the State budget to the Fund; and
(2)    any other money from any other source accepted for the benefit of the Fund.
(d)    To apply for a grant, an applicant shall submit to the Committee an application in the form that the Committee requires.
(e)    On a recommendation from the Committee, the Board of Public Works shall approve expenditures from the Fund in the form of grants to preserve historic barns and agricultural structures.
(f)    In recommending grants under this subtitle, the Committee shall consider:
(1)    any historic building features;
(2)    important examples of historic agricultural building types;
(3)    the productive long–term use of the property;
(4)    important local landmarks;
(5)    structures that are located on designated scenic and cultural byways; and
(6)    structures that accept a preservation easement.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 5A - Division of Historical and Cultural Programs › Subtitle 4 - Agricultural Structures › Section 5A-405 - Repayment of Grant on Loss of Historic Status

If a recipient of a grant under this subtitle or subsequent owner of a property that was assisted by a grant under this subtitle takes any action within 10 years of the grant award with respect to the assisted building or structure, such as dismantlement, removal, or substantial alteration, which causes it to no longer be eligible for listing on the National Register of Historic Places, within 1 year from the date of loss of eligibility, the preservation grant shall be repaid in full to the Fund.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 1 - Studies and Estimates › Section 6-101 - Definitions

(a)    In this subtitle the following words have the meanings indicated.
(b)    “Board” means the Board of Revenue Estimates.
(c)    “Bureau” means the Bureau of Revenue Estimates.
(d)    “Chief” means the Chief of the Bureau.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 1 - Studies and Estimates › Section 6-102 - Board of Revenue Estimates

(a)    There is a Board of Revenue Estimates.
(b)    The Board consists of the following 3 ex officio members:
(1)    the Comptroller;
(2)    the Treasurer; and
(3)    the Secretary of Budget and Management.
(c)    The Treasurer may appoint, as the Treasurer’s designee, a deputy treasurer to serve on the Board.
(d)    The Chief is the executive secretary of the Board.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 1 - Studies and Estimates › Section 6-103 - Bureau of Revenue Estimates

(a)    There is a Bureau of Revenue Estimates in the Office of the Comptroller.
(b)    (1)    The head of the Bureau is the Chief.
(2)    Subject to the supervision of the Comptroller, the Chief has administrative control of the Bureau.
(3)    Unless the Comptroller, with the approval of the Board, determines that an alternative structure is appropriate, the Chief shall be subject to the supervision of the Deputy Comptroller with responsibility for tax administration.
(c)    (1)    Except as otherwise provided by law, subject to the approval of the Board, the Comptroller shall appoint the Chief from a list of not fewer than three candidates reviewed and evaluated by the Revenue Monitoring Committee and the Consensus Revenue Monitoring and Forecasting Group established under § 6–105 of this subtitle.
(2)    The Chief may be removed only by a majority of the Board for incompetence or other good cause.
(d)    The Chief shall appoint other employees of the Bureau in accordance with the provisions of the State Personnel and Pensions Article, including:
(1)    a minimum of six analysts; and
(2)    one Deputy Chief.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 1 - Studies and Estimates › Section 6-105 - Consensus Revenue Monitoring and Forecasting Group

(a)    (1)    In this section the following words have the meanings indicated.
(2)    “Group” means the Consensus Revenue Monitoring and Forecasting Group established under this section.
(3)    (i)    “State share of nonwithholding income tax revenues” means the State share of income tax quarterly estimated and final payments with returns made by individuals, as defined in § 10–101 of the Tax – General Article.
(ii)    “State share of nonwithholding income tax revenues” does not include:
1.    the county share of income tax quarterly estimated and final payments with returns made by individuals;
2.    income tax payments made by corporations;
3.    income tax refunds paid to individuals or corporations; or
4.    income tax withholding.
(b)    There is a Consensus Revenue Monitoring and Forecasting Group.
(c)    The Group consists of:
(1)    the Chief and staff of the Bureau as designated by the Chief;
(2)    the Deputy Comptroller with responsibility for tax administration and staff as designated by the Deputy Comptroller with responsibility for tax administration;
(3)    staff of the Office of the Treasurer as designated by the Treasurer;
(4)    staff of the Department of Budget and Management as designated by the Secretary of Budget and Management;
(5)    staff of the Department of Transportation as designated by the Secretary of Transportation; and
(6)    staff of the Office of Policy Analysis of the Department of Legislative Services as designated by the Director of the Office.
(d)    The Chief shall chair the Group.
(e)    The Group and its constituent units shall:
(1)    review and analyze attainment of revenues on a monthly basis;
(2)    advise and collaborate with the Bureau:
(i)    in the development of revenue forecasts and any necessary revisions to those forecasts; and
(ii)    in the performance of any pertinent studies or analyses as requested by the Chief or as directed by the Board;
(3)    develop and recommend to the Bureau a methodology for determining the State share of nonwithholding income tax revenues for each fiscal year; and
(4)    before a new Chief is appointed, review and evaluate candidates for the position.
(f)    To assist the Group in performing its function, the Comptroller and the Bureau shall:
(1)    within 7 calendar days after the end of each month, provide to members of the Group detailed data on revenue collections;
(2)    before any document relating to the work of the Bureau is published, provide a draft of the document to the members of the Group for review and comment; and
(3)    at the request of the Group, provide research and analysis of particular issues identified by the Group in the course of its duties.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part I - Definitions; General Provisions › Section 6-201 - Definitions

(a)    In this subtitle the following words have the meanings indicated.
(b)    “Banking institution” means an institution that is incorporated under the laws of the State as a State bank, trust company, or savings bank.
(c)    “Collateral” means collateral that is listed under § 6–202 of this subtitle.
(d)    “Deposit insurance” means insurance by:
(1)    the Federal Deposit Insurance Corporation; or
(2)    the Resolution Trust Corporation created under § 21A of the Federal Home Loan Bank Act (12 U.S.C. § 1441a.).
(e)    “Financial institution” means:
(1)    any banking institution;
(2)    any national banking association;
(3)    an institution that is incorporated under the laws of any other state as a bank; and
(4)    an institution that is incorporated under the laws of this State or of the United States as a savings and loan association.
(f)    “National banking association” means an institution that is incorporated under federal law as a bank.
(g)    “State money” for purposes of §§ 6–209 and 6–210 of this subtitle includes money in a bank account maintained under the control of an employee or official of the clerk of the court or register of wills.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part I - Definitions; General Provisions › Section 6-202 - Collateral

Collateral that may be used under this subtitle shall be:
(1)    an obligation of the United States or any of its agencies;
(2)    an obligation guaranteed by the United States or by any of its agencies;
(3)    an obligation insured by the United States;
(4)    an obligation of the State or any of its units or instrumentalities;
(5)    an obligation of a county of the State or any of its agencies;
(6)    an obligation of a municipal corporation in the State or any of its agencies;
(7)    an obligation of any other governmental authority in the State;
(8)    an obligation of the Inter–America Development Bank;
(9)    an obligation of the World Bank;
(10)    an obligation of the following government–sponsored enterprises:
(i)    the Federal Home Loan Banks;
(ii)    the Federal Home Loan Mortgage Corporation;
(iii)    the Federal National Mortgage Association;
(iv)    the Farm Credit System;
(v)    the Federal Agricultural Mortgage Corporation; and
(vi)    the Student Loan Marketing Association;
(11)    a surety bond if:
(i)    subject to the terms and conditions of the bond, it is irrevocable and absolute;
(ii)    the surety bond is issued by an insurance company authorized to do business in this State;
(iii)    the issuer of the surety bonds does not provide surety bonds for any one financial institution in an amount that exceeds 10% of the surety bond insurer’s policyholders’ surplus and contingency reserve, net of reinsurance; and
(iv)    the claims–paying ability of the authorized insurance company is rated, at all relevant times, in the highest category by at least two nationally recognized rating agencies acceptable to the Treasurer;
(12)    an obligation or security of, or other interest in, any open–end or closed–end management type investment company or investment trust registered under the provisions of the federal Investment Company Act of 1940, 15 U.S.C. § 80a–1 et seq., if:
(i)    the portfolio of the open–end or closed–end management type investment company or investment trust is limited to direct obligations of the United States government and to repurchase agreements fully collateralized by United States government obligations; and
(ii)    the open–end or closed–end management type investment company or investment trust takes delivery of that collateral, either directly or through an authorized custodian; or
(13)    a letter of credit issued by a Federal Home Loan Bank if the letter of credit meets the conditions under the guidelines issued by the State Treasurer’s office.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part I - Definitions; General Provisions › Section 6-203 - Designation of Financial Institution for Banking Services

(a)    The Treasurer shall give 15% of the weight of the decision to the standards established in this section in deciding whether to:
(1)    designate a financial institution as a depositary for State money under § 6-205 of this subtitle; and
(2)    make an agreement with a financial institution for a banking service under § 6-229 of this subtitle.
(b)    (1)    The Treasurer shall consider whether the financial institution received a rating of “needs improvement” or “substantial noncompliance” in its most recent examination under the federal Community Reinvestment Act of 1977, P.L. Number 95-128.
(2)    If a financial institution operates in a state other than Maryland, the Treasurer shall consider Maryland-specific information that is provided within the assessment area section of the Community Reinvestment Act report.
(c)    (1)    The Treasurer shall consider whether, during the previous 5 years, a court in Maryland has found, in a final adjudication, that a financial institution has violated any antidiscrimination statute or regulation.
(2)    The Treasurer may consider whether, during the previous 5 years, a court outside Maryland has found, in a final adjudication, that a financial institution has violated any antidiscrimination statute or regulation.
(3)    The Treasurer may determine how to assess a violation under paragraph (1) or (2) of this subsection if the violation was committed by:
(i)    an affiliate of the financial institution; or
(ii)    an entity acquired by the financial institution.
(d)    The Treasurer shall consider whether the financial institution has demonstrated that during the previous 5 years, the financial institution has:
(1)    successfully made loans in Maryland through State or federal lending programs designed to assist small and minority-owned businesses;
(2)    had an active outreach program to assist small and minority-owned businesses through which the financial institution has made efforts in Maryland; and
(3)    established strategic partnerships in Maryland with entities whose mission is to provide technical assistance to small and minority-owned businesses.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part II - Depositaries › Section 6-205 - Designations Authorized; Foreign Banks and Institutions

(a)    Subject to the limitations in this subtitle and in any other law, the Treasurer may designate any financial institution as a depositary for State money.
(b)    The Treasurer may designate foreign banks and similar institutions as depositaries for the purpose of conducting State government activities outside the United States. The deposits in such institutions may not exceed the amount appropriated in the budget for conducting State government activities outside the United States.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part II - Depositaries › Section 6-209 - Deposit Insurance and Collateral

(a)    State money on deposit with a financial institution shall be secured by:
(1)    deposit insurance; or
(2)    collateral as required by this section.
(b)    (1)    The collateral for State money on deposit with a financial institution:
(i)    must have, at all times, a market value that equals or exceeds the State money that is on deposit with the financial institution and is not covered by deposit insurance; and
(ii)    must be approved by the Treasurer.
(2)    If the collateral is a surety bond under § 6-202 of this subtitle:
(i)    the surety bond shall be in a form and amount acceptable to the Treasurer as determined by the Treasurer from time to time; and
(ii)    the financial institution that provides the surety bond as collateral shall immediately notify the Treasurer if the rating assigned to the issuing insurance company by any rating agency, found acceptable to the Treasurer under § 6-202 of this subtitle, is withdrawn or downgraded, in which event the financial institution shall immediately provide the Treasurer with substitute collateral permitted under § 6-202 of this subtitle.
(3)    Subject to the requirements of this subsection, a financial institution may change its collateral from time to time.
(c)    (1)    A custodian shall hold the collateral under this section for the benefit of the State.
(2)    A financial institution may use as a custodian:
(i)    any banking institution that is approved by the Commissioner of Financial Regulation to conduct commercial banking business in the State;
(ii)    a federal reserve bank; or
(iii)    any national banking association that is approved by the Comptroller of the Currency to conduct banking business in the State.
(3)    A financial institution may not be approved as custodian for the collateral of a depositary unless the assets of the financial institution equal or exceed 200% of the value of the collateral to be held for the depositary.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part II - Depositaries › Section 6-210 - Reports

(a)    (1)    On request of the Treasurer, a depositary for State money shall submit to the Treasurer or a designee of the Treasurer a report that states:
(i)    the total amount of State money on deposit with the depositary;
(ii)    the total amount of collateral and deposit insurance for the money; and
(iii)    the market value of the collateral for the money.
(2)    Each national banking association that is a depositary for State money shall submit to the Comptroller of the Currency each report for which the Comptroller asks.
(3)    Each banking institution that is a depositary for State money shall submit to the Commissioner of Financial Regulation each report for which the Commissioner asks.
(4)    Each other bank that is a depositary for State money shall submit to the banking authority for the state where the bank has its principal office each report for which the banking authority of that state asks.
(b)    On request of the Treasurer a custodian shall submit to the Treasurer or a designee of the Treasurer a report that states the total amount of collateral that a depositary has with the custodian.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part III - Collectors › Section 6-213 - Units

(a)    Except as otherwise provided by law, in accordance with regulations and policies adopted by the Treasurer and the Comptroller, each unit of the State government shall:
(1)    pay into depositaries designated by the Treasurer for the account of the State Treasury all collections, fees, income, and other revenues that are received by the unit; and
(2)    account to the Comptroller for those revenues.
(b)    The Comptroller shall credit the revenues that a unit pays into depositaries designated by the Treasurer for the account of the State Treasury:
(1)    to the account that the law specifies; or
(2)    if the law does not specify an account, to an account that the Comptroller designates for the use of the unit.
(c)    (1)    With the approval of the Governor, the Comptroller:
(i)    shall exempt revenues from the requirements of subsection (a) of this section if the Comptroller determines that the exemption would be in the public interest; and
(ii)    may rescind an exemption.
(2)    The Comptroller shall keep a record that shows each exemption and the reasons for it.
(3)    The records shall be kept in the Office of the Comptroller and shall be open to public inspection.
(d)    (1)    In this subsection, “State institution” includes a hospital or center that the State operates.
(2)    The Treasurer may exclude from the State Treasury the personal funds that a State institution holds for its residents or clients.
(3)    A State institution shall use, as a depositary for these funds, a financial institution that the Treasurer approves.
(4)    The Treasurer may require the submission of a proposed agreement between the State institution and the financial institution and may approve or disapprove the agreement.
(5)    The accounts established by a State institution shall be interest bearing accounts.
(6)    All interest on money of a resident or client of a State institution shall be credited to the resident or client.
(7)    A State institution shall:
(i)    keep records of all transactions that involve money of a resident or client; and
(ii)    provide the resident or client with a statement of those transactions at least each 6 months and on discharge. �
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part III - Collectors › Section 6-214 - Persons

Each person who collects or receives money for the State and who is not subject to § 6-213(a) of this subtitle shall:
(1)    pay the money into the State Treasury as provided by law; and
(2)    account to the Comptroller for the money:
(i)    at the times and in the manner that the law specifies; or
(ii)    if the law does not specify the time and manner, as the Comptroller considers necessary.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part III - Collectors › Section 6-215 - Records of Payments Into Treasury

(a)    (1)    The Comptroller may not allow a warrant for payment of money into the State Treasury to be issued until a record is made in the Office of the Comptroller.
(2)    The record shall state:
(i)    the amount of the warrant; and
(ii)    the account to which the money is credited.
(3)    The Comptroller shall keep an abstract of each warrant for payment of money into the State Treasury.
(b)    (1)    The Treasurer, the Chief Deputy Treasurer, or a deputy treasurer shall endorse, as a receipt, a warrant for payment of money into the State Treasury that the Comptroller or, if authorized by law, the Chief Deputy Comptroller or a deputy comptroller has signed.
(2)    Unless the warrant is signed as required by this subsection, an acknowledgment for money paid into the State Treasury is not valid.
(3)    The Treasurer shall keep, as a voucher, a copy of each warrant for payment of money into the State Treasury.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part III - Collectors › Section 6-216 - Accounts of Comptroller

(a)    The Comptroller shall keep accounts that fully and accurately state, by class, State revenues and State expenditures for each fiscal year.
(b)    The accounts shall be kept in the Office of the Comptroller.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part III - Collectors › Section 6-217 - Treasurer

The account that the Comptroller keeps for the Treasurer shall:
(1)    charge the Treasurer with:
(i)    the money that is in the State Treasury when a fiscal year begins; and
(ii)    money that, on warrant, is paid into the State Treasury during the fiscal year; and
(2)    credit the Treasurer with money that, on warrant, is paid from the State Treasury.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part III - Collectors › Section 6-218 - Statement of Accounts

In an action against a person who is responsible for the receipt or collection of State money or against the surety of the person, a statement of the person’s account signed and certified by the Comptroller is prima facie evidence of the amount stated in it as due.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part III - Collectors › Section 6-219 - Settlement

(a)    In this section, “claim” includes a claim that is reduced to judgment.
(b)    Subject to the limitations in this section, the Comptroller may settle a claim of the State that has been in arrears for at least 2 years:
(1)    against a person who receives or collects State money;
(2)    against the surety of that person; or
(3)    against any other person.
(c)    Before settling a claim under this section, the Comptroller shall examine the claim thoroughly and shall be satisfied that the State could not collect the claim through legal process.
(d)    To settle a claim so as best to serve the interests of the State, the Comptroller may abate, wholly or partly, the principal or interest that is due to the State.
(e)    The Comptroller shall discharge a person and the surety of the person when the agreed sum is paid into the State Treasury.
(f)    (1)    If a claim is settled without payment in full, the Comptroller shall keep a record that states the facts on which the settlement was based.
(2)    The record shall be kept in the Office of the Comptroller.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part IV - Investments › Section 6-223 - Deposits

(a)    Except as otherwise prohibited by law, the Treasurer may invest or reinvest, in a deposit with a financial institution in the State, unexpended or surplus money over which the Treasurer has custody if:
(1)    the deposit is interest bearing; and
(2)    as provided for a depositary for State money:
(i)    the financial institution provides collateral that has a market value that equals or exceeds the amount by which a deposit exceeds the deposit insurance; and
(ii)    a custodian holds the collateral.
(b)    The Treasurer may sell, redeem, or exchange an investment or reinvestment made under this section.
2023 Maryland Statutes › State Finance and Procurement › Division I - State Finance › Title 6 - Revenues › Subtitle 2 - State Treasury › Part IV - Investments › Section 6-224 - Maryland Environmental Service

(a)    Notwithstanding any other provision of law, the Treasurer may invest or reinvest unexpended or surplus State money in obligations that the Maryland Environmental Service issues for a capital project if:
(1)    there is a commitment of federal funds for the project;
(2)    the Service has not received the federal funds;
(3)    the amount of the investment does not exceed the federal commitment; and
(4)    as to any investment or reinvestment that exceeds $500,000, the Board of Public Works approves the investment or reinvestment.
(b)    The Treasurer shall set the conditions of the investment or reinvestment, including the term, the interest rate, and any service charge.
(c)    The Maryland Environmental Service shall repay the investment or reinvestment when the term that the Treasurer sets ends or, if sooner, when the Service receives the final federal funds.