Maryland § 4-505
Full text of Maryland Maryland Code § 4-505, with citation guidance and answers to common questions.
§ 4-505.
(a) Except as provided in subsection (b) of this section, money received from the auction or sale of any surplus personal property in excess of charges which might be imposed by the Department of General Services for conducting the auction or sale shall be deposited in the General Fund of the State. If the Department of Budget and Management approves, the money in excess of the service charge may be credited to the account of the unit of the State government that declared the property to be excess personal property.
(b) Money received from the auction or sale of surplus personal property shall be deposited as follows:
(1) if the item was purchased from a special fund appropriation, the proceeds shall be deposited in the appropriate special fund;
(2) if the item was purchased with bond money, the proceeds shall be deposited in the Annuity Bond Fund; and
(3) if the item was purchased with federal money, the proceeds shall be disbursed in accordance with federal law.
Frequently Asked Questions About Maryland § 4-505
What does Maryland Code § 4-505 cover?
Section 4-505 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 § 4-505?
A common citation format is "Maryland Code § 4-505" (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 § 4-505 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.