(a) This section applies to the following entities:
(1) an institution that receives an appropriation for operating expenses; and
(2) an officer or unit of the State government that:
(i) receives an appropriation for operating expenses; or
(ii) has its expenses paid out of the fees collected by the officer or unit.
(b) At the end of each fiscal year, each entity that, during that fiscal year, has received an appropriation for operating expenses shall give the Comptroller notice of:
(1) the amount of the appropriation that is unspent; and
(2) the amount of the unspent part that is needed to meet unpaid obligations incurred during the fiscal year.
Structure Maryland Statutes
Section 7-302 - General Requirement for Reversion
Section 7-303 - Encumbered Balances
Section 7-304 - Dedicated Money
Section 7-305 - Capital Expenditures
Section 7-306 - Institutions for Higher Education
Section 7-307 - New or Substantially Renovated Facility
Section 7-308 - Notice of Reversions
Section 7-309 - State Reserve Fund
Section 7-310 - Dedicated Purpose Account
Section 7-310.1 - Money Received as Result of Settlement, Judgment, or Consent Decrees
Section 7-311 - Revenue Stabilization Account
Section 7-312 - Maryland Stadium Facilities Fund
Section 7-314 - Economic Development Opportunities Account
Section 7-315 - Energy Overcharge Restitution Fund
Section 7-317 - Cigarette Restitution Fund
Section 7-324 - Catastrophic Event Account
Section 7-325 - Maryland State Arts Council Appropriation
Section 7-326 - Public School Construction Fund
Section 7-327 - Federal Government Shutdown Employee Assistance Loan Fund
Section 7-328 - Mortgage Loan Servicing Practices Settlement Fund
Section 7-329 - Closing Revenue Gaps; Distribution of Nonwithholding Income Tax Revenues