2013 Maryland Code
STATE FINANCE AND PROCUREMENT
§ 6-226 - Interest; investment separately or in pools.

§6-226.

(a) (1) Except as otherwise specifically provided by law or by regulation of the Treasurer, the Treasurer shall credit to the General Fund any interest on or other income from State money that the Treasurer invests.

(2) (i) Notwithstanding any other provision of law, and unless inconsistent with a federal law, grant agreement, or other federal requirement or with the terms of a gift or settlement agreement, net interest on all State money allocated by the State Treasurer under this section to special funds or accounts, and otherwise entitled to receive interest earnings, as accounted for by the Comptroller, shall accrue to the General Fund of the State.

(ii) The provisions of subparagraph (i) of this paragraph do not apply to the following funds:

1. Maryland Housing Loan Funds of 1976, 1978, 1979, and 1984;

2. Microsoft Cost Share Fund;

3. Subsequent Injury Fund;

4. Uninsured Employers’ Fund;

5. State Agency Loan Program Fund;

6. Jane E. Lawton Conservation Loan Program;

7. Energy Overcharge Restitution Fund;

8. PEPCO/Connectiv Settlement Fund;

9. Baseball Capital Improvements Fund;

10. State Victims of Crime Fund;

11. Juvenile Accountability Incentive Block Grant Fund;

12. Victim and Witness Protection and Relocation Fund;

13. Unclaimed Restitution - Victims of Crime;

14. Justice Assistance Grant;

15. Byrne Justice Assistance Grant;

16. Maryland Election Modernization Fund;

17. Scriven Estate Fund;

18. Volunteer Company Assistance Fund;

19. Radoff Memorial Fund;

20. Archives Endowment Account within the Archives Fund;

21. Ellefson Endowment Fund;

22. Albert C. Ritchie Memorial Fund;

23. Rate Stabilization Fund;

24. Maryland Health Insurance Plan Fund;

25. Fair Campaign Financing Fund;

26. State Employees and Retirees Health and Welfare Benefits Fund;

27. Major Information Technology Development Project Fund;

28. State Retirement Agency Funds;

29. Postretirement Health Benefits Trust Fund;

30. Maryland Emergency Medical System Operations Fund;

31. State Wildlife Management and Protection Fund;

32. Fisheries Management and Protection Fund;

33. Ocean Beach Replenishment Fund;

34. Community Services Trust Fund;

35. Waiting List Equity Fund;

36. Health Care Coverage Fund;

37. Health Services Cost Review Commission Fund;

38. Hospital Uncompensated Care Fund;

39. funds in the accounts of Morgan State University;

40. funds in the accounts of St. Mary’s College of Maryland;

41. funds in the accounts of the University System of Maryland;

42. Maryland Prepaid College Trust Fund;

43. Nurse Support Program Assistance Fund;

44. funds in the accounts of the Baltimore City Community College;

45. Education Trust Fund;

46. Section 8 construction and administration funds administered by the Department of Housing and Community Development;

47. MacArthur Grant Fund;

48. all special funds within the Department of Business and Economic Development;

49. Maryland Water Quality Revolving Loan Fund;

50. Maryland Drinking Water Revolving Loan Fund;

51. Bay Restoration Fund;

52. Migratory Game Bird Fund;

53. Deer Stamp Fund;

54. Wildlife Habitat Incentive Fund;

55. Fisheries Research and Development Fund;

56. Strategic Energy Investment Fund;

57. Criminal Injuries Compensation Fund;

58. 50% of the interest from the 9-1-1 Trust Fund;

59. all accounts within the State Reserve Fund;

60. local revenue accounts collected by the Judiciary;

61. Assistive Technology Loan Fund;

62. Veterans Trust Fund;

63. Transportation Trust Fund;

64. Foreclosed Property Registry Fund;

65. Asbestos Worker Protection Fund;

66. Maryland Innovation Initiative Fund;

67. Family Security Trust Fund, subject to § 7-4A-03(d) of the Health Occupations Article;

68. Baltimore City Community Enhancement Transit-Oriented Development Fund;

69. the Maryland Legal Services Corporation Fund; and

70. Mortgage Loan Servicing Practices Settlement Fund.

(b) (1) Notwithstanding any other provision of law, the Treasurer may invest separately or commingled in 1 or more pools amounts to be invested by law or regulation for State agencies.

(2) The Treasurer shall allocate net earnings on amounts commingled in a pool to the appropriate State agencies entitled to receive interest earnings under subsection (a) of this section.