2013 Maryland Code
STATE FINANCE AND PROCUREMENT
§ 7-310 - Dedicated Purpose Account

§7-310.

(a) In this section, “Account” means the Dedicated Purpose Account.

(b) The Dedicated Purpose Account is established:

(1) to retain appropriations for major, multi-year expenditures where the magnitude and timing of cash needs are uncertain; and

(2) beginning in fiscal year 1996, to meet specific expenditure requirements.

(c) The Governor may provide an appropriation in the budget bill to the Account for a specific purpose or purposes.

(d) For each appropriation to the Account, the Governor may:

(1) include the funds in the State budget subject to appropriation by the General Assembly; or

(2) transfer the funds by budget amendment from the Account to the expenditure account of the appropriate unit of State government only after the proposed budget amendment has been:

(i) submitted to the Senate Budget and Taxation Committee and the House Appropriations Committee of the General Assembly; and

(ii) approved by the Legislative Policy Committee.

(e) The Account is a continuing, nonlapsing fund which is not subject to § 7-302 of this subtitle.

(f) (1) The unspent balance of an appropriation to the Account reverts to the Revenue Stabilization Account 4 years after the end of the fiscal year for which the appropriation was made.

(2) If the Governor determines that certain funds in the Account are no longer needed for the purpose for which they were originally appropriated, those funds may be transferred by budget amendment to the Revenue Stabilization Account after the proposed budget amendment has been:

(i) submitted to the Senate Budget and Taxation Committee and the House Appropriations Committee of the General Assembly; and

(ii) approved by the Legislative Policy Committee.

§ 7-310 - 1. Money received as result of settlement, judgment, or consent decrees.

(a) In general. -- Any money received by the State or otherwise subject to the direction or control of a State official, as a result of a settlement, judgment, or consent decree made or entered into after January 1, 2012:

(1) shall be deposited in the State treasury; and

(2) except for funds designated as restitution:

(i) shall be expended only as authorized in the State budget bill as enacted; and

(ii) may be transferred by budget amendment.

(b) Official may recommend restrictions or provide that funds be used for public purpose. -- In negotiating any State payment under any national or multistate settlement, judgment, or consent decree, a State official may recommend restrictions on the use of that State payment but shall also request that the settlement, judgment, or consent decree also provide that the funds may be used for any public purpose, to the extent that doing so is not inconsistent with the State or its citizens securing the maximum benefit from the settlement, judgment, or consent decree.