Maryland Election Law Section 13-247

      After all campaign expenditures have been made and before filing a final campaign finance report under Subtitle 3 of this title, any remaining balance in the account of a campaign finance entity shall be returned pro rata to the contributors or paid to:

            (1)      if the campaign finance entity is a personal treasurer or a political committee formed to support a candidate or act for a political party:

                  (i)      the State central committee of the political party:

                        1.      of which the candidate is a member; or

                        2.      for which the political committee is acting;

                  (ii)      the local central committee of the political party:

                        1.      of which the candidate is a member in a county in which the candidate resides or which the candidate seeks to represent; or

                        2.      for which the political committee is acting;

                  (iii)      the board of education of a county in which the candidate resides or which the candidate seeks to represent;

            (2)      a nonprofit organization that provides services or funds for the benefit of pupils or teachers;

            (3)      a charitable organization registered or exempt from registration under the Maryland Charitable Solicitations Act; or

            (4)      a public or private institution of higher education in the State if:

                  (i)      that institution possesses a certificate of approval from the Maryland Higher Education Commission; and

                  (ii)      the payment is designated for use by the institution solely to award scholarships, grants, or loans to students attending the institution.