Maryland § 3-306
Full text of Maryland Maryland Code § 3-306, with citation guidance and answers to common questions.
§ 3-306.
(a) There is a Central Collection Fund.
(b) The Central Collection Fund is a continuing, nonlapsing fund that is not subject to § 7–302 of this article.
(c) The Fund shall consist of all fees collected under § 3–304(a)(2) of this subtitle.
(d) Subject to the appropriation process in the State budget and subject to subsection (h) of this section, the Department shall use the Fund for the expenses of operating the Central Collection Unit.
(e) The State Treasurer shall hold and the State Comptroller shall account for the Fund.
(f) The Fund shall be invested and reinvested in the same manner as other State funds.
(g) Investment earnings accrue to the benefit of the Fund.
(h) For any fiscal year beginning on or after July 1, 2010, any balance in the Fund at the end of the fiscal year in excess of 15% of the actual expenses of operating the Central Collection Unit for that fiscal year reverts to the General Fund of the State.
Frequently Asked Questions About Maryland § 3-306
What does Maryland Code § 3-306 cover?
Section 3-306 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 § 3-306?
A common citation format is "Maryland Code § 3-306" (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 § 3-306 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.