Maryland § 21-302
Full text of Maryland Maryland Code § 21-302, with citation guidance and answers to common questions.
§ 21-302.
(a) The following are obligations of the State:
(1) the payment of all allowances and other benefits payable under this Division II;
(2) the creation and maintenance of reserves in the accumulation funds of the several systems; and
(3) the crediting of regular interest to the annuity savings funds of the several systems.
(b) The assets of the several systems shall be used to pay the obligations of the State specified in this section.
(c) Each fiscal year the State shall pay to the accumulation fund of each State system at least an amount that when combined with the amount in the accumulation fund of the system is sufficient to provide the allowances and other benefits payable out of the fund during that fiscal year.
Frequently Asked Questions About Maryland § 21-302
What does Maryland Code § 21-302 cover?
Section 21-302 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 21-302?
A common citation format is "Maryland Code § 21-302" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 21-302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.