Maryland Statutes
Part III - Authorization and Implementation
Section 8-129 - Unspent Proceeds

(a)    With the approval of the Board, the Governor shall dispose of unspent proceeds of an enabling act within 1 year after the termination of the State debt authorization under § 8-128 of this subtitle.
    (b)    The Governor shall:
        (1)    use the proceeds to reduce State debt authorizations, as provided in § 8-126(b) through (d) of this subtitle;
        (2)    allocate the proceeds to the Construction Contingency Fund, as provided in § 3-609 of this article; or
        (3)    order the proceeds to be credited to the Annuity Bond Fund, to pay the outstanding bonded indebtedness of the State.
    (c)    The Board shall enforce the provisions of this section.