§ 15-103. Fair Campaign Financing Fund

   (a) Established. -- There is a Fair Campaign Financing Fund.

(b) Administration. -- The Comptroller shall administer the Fund in accordance with this section.

(c) Money in Fund. -- In accordance with this title, the Comptroller shall:

   (1) credit to the Fund all money collected under this title;

   (2) subject to the usual investing procedures for State funds, invest the money in the Fund; and

   (3) make distributions from the Fund promptly on authorization by the State Board.

(d) Procedure for distributions. -- The Comptroller shall distribute public contributions:

   (1) only on authorization of the State Board; and

   (2) as to each eligible gubernatorial ticket, to the same campaign account of a single campaign finance entity established under Title 13, Subtitle 2 of this article.

(e) Report of Fund balance. -- The Comptroller shall submit a statement of the Fund's balance to the State Board at the State Board's request and on May 15 of each year.

HISTORY: An. Code 1957, art. 33, § 15-104(a), (e)(2), (f), 15-109; 2002, ch. 291, § 4; 2010, ch. 484, § 3.