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Statutes Text

Article - Financial Institutions


    (a)    Beginning in fiscal year 2009, the Governor shall appropriate in the annual State budget funds to the Division of Financial Regulation for the purpose of regulating banking institutions and credit unions.

    (b)    An amount equal to the Governor’s appropriation under subsection (a) of this section shall be repaid by the Banking Institution and Credit Union Regulation Fund established under § 2–118 of this subtitle to the General Fund of the State on or before June 30, 2011.

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