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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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ECONOMIC DEVELOPMENT |
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DIVISION I. DEPARTMENT OF BUSINESS AND ECONOMIC DEVELOPMENT |
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TITLE 5. ECONOMIC DEVELOPMENT AND FINANCIAL ASSISTANCE PROGRAMS |
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SUBTITLE 1. GENERAL PROVISIONS |
§ 5-103. Transfer of funds
Latest version.
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(a) Scope of section. -- This section applies notwithstanding any other law.
(b) In general. -- Subject to subsections (d) and (e) of this section, the Secretary may transfer money among any of the accounts that are:
(1) in the Department or subject to its control; and
(2) used to provide financial support of any kind.
(c) Transfers to Economic Development Opportunities Program Account. -- Subject to subsections (d) and (e) of this section, the Secretary may transfer money to the Economic Development Opportunities Program Account established under § 7-314 of the State Finance and Procurement Article from any of the accounts that are:
(1) in the Department or subject to its control; and
(2) used to provide financial support of any kind.
(d) Transfers from Industrial Development Fund. -- A transfer under this section from the Industrial Development Fund shall comply with § 5-432 of this title.
(e) Amendment process. -- A transfer under this section shall comply with the amendment process for appropriations established by § 7-209 of the State Finance and Procurement Article.