Maryland Election Law Section 15-103

Article - Election Law

§ 15-103.

      (a)      There is a Fair Campaign Financing Fund.

      (b)      The Comptroller shall administer the Fund in accordance with this section.

      (c)      For each taxable year, the Comptroller shall establish a tax add-on system that allows contributions to the Fund:

            (1)      by an individual, other than a nonresident alien, filing a personal State income tax return; and

            (2)      in an amount not to exceed $500.

      (d)      In accordance with this title, the Comptroller shall:

            (1)      credit to the Fund all money collected under this title;

            (2)      subject to the usual investing procedures for State funds, invest the money in the Fund; and

            (3)      make distributions from the Fund promptly on authorization by the State Board.

      (e)      The Comptroller shall distribute public contributions:

            (1)      only on authorization of the State Board; and

            (2)      as to each eligible gubernatorial ticket, to the same campaign account of a single campaign finance entity established under Title 13, Subtitle 2 of this article.

      (f)      The Comptroller shall submit a statement of the Fund's balance to the State Board at the State Board's request and on May 15 of each year.



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