Establishes the Office of the Attorney General Enforcement Recovery Fund in Maryland.
The bill establishes the Office of the Attorney General Enforcement Recovery Fund in Maryland. The fund is a special, nonlapsing fund consisting of money deposited from qualified recoveries. Qualified recoveries are penalties obtained through judgments, settlements, or consent decrees, exceeding $100,000, and not designated for restitution for victims. The fund supports consumer protection, antitrust, and securities enforcement activities, with a limit of $7,500,000 per fiscal year. The Attorney General may deposit up to 25% of qualified recoveries into the fund.
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