2018 Maryland Code
Business Regulation
Title 4.5. Home Builder Registration
Subtitle 2 - Home Builder Registration Unit; Home Builder Registration Fund
§ 4.5-203. Home Builder Registration Fund

  • (a) In general. --

    • (1) There is a Home Builder Registration Fund.

    • (2) The Division shall administer the Registration Fund.

    • (3) The Registration Fund shall be used to cover the actual documented direct and indirect costs incurred for the administration and enforcement of the Maryland Home Builder Registration Act.

    • (4) The Registration Fund is a continuing, nonlapsing fund, and is subject to § 7-302 of the State Finance and Procurement Article.

    • (5) Unspent assets of the Registration Fund shall remain in the Registration Fund and may not revert or be transferred to the General Fund of the State.

    • (6) The Registration Fund may not be supported by appropriations of State funds.

  • (b) Distribution of fees. -- The Division shall pay all funds collected under §§ 4.5-303, 4.5-304, and 4.5-305 of this title to the Comptroller, who shall distribute the fees to the Registration Fund.

  • (c) Audit. -- The accounts and transactions of the Registration Fund shall be subject to audit by the Legislative Auditor in accordance with §§ 2-1220 through 2-1227 of the State Government Article.

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