Title 13. Court Supporting Agencies — Subtitle 6. Circuit Court Real Property Records Improvement Fund

A deed, as defined in § 1–101 of the Real Property Article; and

Any other instrument affecting property that may be recorded under § 3–102 of the Real Property Article.

There is a Circuit Court Real Property Records Improvement Fund.

There is an oversight committee composed of one representative from each of the following:

The Fund shall be managed and supervised by the State Court Administrator, with advice from the oversight committee.

The State Treasurer shall hold, and the State Comptroller shall account for, the Fund.

The Fund shall be invested and reinvested in the same manner as other State funds.

Investment earnings of the Fund shall be paid into the Fund.

Surcharges collected under §§ 7–102(b), 7–202(e), and 7–301(c)(4) of this article and § 13–604 of this subtitle; and

Revenues from copies made on equipment bought through the Fund.

The operating expenses of the land records offices of the clerks of the circuit courts and to repair, replace, improve, modernize, and update office equipment and equipment related services in the land records office of the clerk of the circuit court for each county, as the Administrator considers appropriate, with advice from the oversight committee; and

For major information technology development projects of the Judiciary Department, as the Administrator considers appropriate.

Except as provided in paragraph (2) of this subsection, the Administrator shall establish a surcharge of $20 for each type of recordable instrument to be recorded among the land records and the financing statement records.

For recordable instruments executed on or after July 1, 2011, the surcharge established under this subsection shall be $40 for each type of recordable instrument to be recorded among the land records and the financing statement records.

To an entity that is exempt from the payment of fees under § 3–603 of the Real Property Article;

For the recordation of a restrictive covenant modification executed under § 3–112 of the Real Property Article; or

For the recordation of an amendment to the common area deeds or other declarations of a homeowners association that deletes a recorded covenant or restriction that restricts ownership based on race, religious belief, or national origin in accordance with § 11B–113.3 of the Real Property Article.