§ 10-1-104. TRANSFER OF COUNTY MONEY TO AGENCIES AND OTHERS NOT UNDER CONTROL OF THE DIRECTOR.

(a)

County money transferred to the Chief Fiscal Officer, Administrative Officer, or a designee of any body politic or public body corporate including a board, Board of Trustees, revenue authority, or any other entity referenced in Title 17 of the Local Government Article of the Annotated Code of Maryland:

(1)

Is deemed not under the control or custody of the Director of Budget and Finance;

(2)

Is the responsibility of the entity to which the money was transferred; and

(3)

Shall be governed under Title 17 of the Local Government Article of the Annotated Code of Maryland.

(b)

Separate collateral not required. Any money transferred as provided under this section to an entity covered by a consolidated banking services agreement is not required to be collateralized separately if the money is on deposit with the depository with which the county has a banking services agreement.

(1988 Code, § 15-4) (Bill No. 87, 1990, §§ 2, 3, 8-13-1990; Bill No. 49-96, § 7, 7-1-1996; Bill No. 83-00, § 2, 7-1-2004; Bill No. 77-15, § 2, 11-4-2015 )