Maryland § 7-306
Full text of Maryland Maryland Code § 7-306, with citation guidance and answers to common questions.
§ 7-306.
(a) This section applies only to St. Mary’s College of Maryland.
(b) At the end of a fiscal year, the unencumbered balance of each appropriation from the General Fund, including an amount received as reimbursement of statewide indirect costs, to the Board or any of these institutions reverts to the General Fund of the State.
(c) The unencumbered balance of any other appropriation to the Board or these institutions:
(1) does not revert to the General Fund of the State;
(2) shall be available as provided in the State budget or through an approved budget amendment; and
(3) shall be reported by the Board or institution to the State Comptroller at the end of each fiscal year.
Frequently Asked Questions About Maryland § 7-306
What does Maryland Code § 7-306 cover?
Section 7-306 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 § 7-306?
A common citation format is "Maryland Code § 7-306" (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 § 7-306 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.