A correctional facility in the Division shall maintain a reserve financial account and a spending financial account for each incarcerated individual in the correctional facility. The accounts of an incarcerated individual may be charged for: the reasonable value of any State property that the incarcerated individual: willfully or maliciously destroys; or destroys as the result of gross negligence; or any fees assessed under § 2–118 of this article. The Commissioner shall adopt regulations that: set forth those items that may be credited to or disbursed from an account under this section; and set forth procedures for carrying out this section, including procedures that provide due process of law to each incarcerated individual before the incarcerated individual’s accounts may be charged with a disbursement under subsection (b) of this section.