<?xml version='1.0' encoding='utf-8'?>
<section article="gbr" article_name="Business Regulation" number="4.5-203" title_number="4.5" title_name="Home Builder Registration" subtitle_number="2" subtitle_name="Home Builder Registration Unit; Home Builder Registration Fund">
  <level label="a">
    <level label="1">
      <text>There is a Home Builder Registration Fund.</text>
    </level>
    <level label="2">
      <text>The Division shall administer the Registration Fund.</text>
    </level>
    <level label="3">
      <text>The Registration Fund shall be used to cover the actual documented direct and indirect costs incurred for the administration and enforcement of the Maryland Home Builder Registration Act.</text>
    </level>
    <level label="4">
      <text>The Registration Fund is a continuing, nonlapsing fund, and is subject to § 7-302 of the State Finance and Procurement Article.</text>
    </level>
    <level label="5">
      <text>Unspent assets of the Registration Fund shall remain in the Registration Fund and may not revert or be transferred to the General Fund of the State.</text>
    </level>
    <level label="6">
      <text>The Registration Fund may not be supported by appropriations of State funds.</text>
    </level>
  </level>
  <level label="b">
    <text>The Division shall pay all funds collected under §§ 4.5-303, 4.5-304, and 4.5-305 of this title to the Comptroller, who shall distribute the fees to the Registration Fund.</text>
  </level>
  <level label="c">
    <text>The accounts and transactions of the Registration Fund shall be subject to audit by the Legislative Auditor in accordance with  §§ 2–1220 through 2–1227 of the State Government Article.</text>
  </level>
</section>
