(a) Any money received by the State or otherwise subject to the direction or control of a State official, as a result of a settlement, judgment, or consent decree made or entered into after January 1, 2012:
(1) shall be deposited in the State treasury; and
(2) except for funds designated as restitution:
(i) shall be expended only as authorized in the State budget bill as enacted; and
(ii) may be transferred by budget amendment.
(b) In negotiating any State payment under any national or multistate settlement, judgment, or consent decree, a State official may recommend restrictions on the use of that State payment but shall also request that the settlement, judgment, or consent decree also provide that the funds may be used for any public purpose, to the extent that doing so is not inconsistent with the State or its citizens securing the maximum benefit from the settlement, judgment, or consent decree.
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