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Maryland Code, Alcoholic Beverages and Cannabis § 32-310

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The Liquor Control Board shall apply proceeds derived from the operation of dispensaries first toward the repayment of money loaned to or borrowed by the Liquor Control Board.

(b) After repayment under subsection (a) of this section, the Liquor Control Board, subject to the approval of the County Council, may create and maintain a reserve fund to:

(1) provide adequate working capital; and

(2) cover any losses sustained by the Liquor Control Board in operating the dispensaries.

(c) The Liquor Control Board shall pay any remaining net proceeds to the county on January 1, April 1, August 1, and October 1 of each year.

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Cite this article: FindLaw.com - Maryland Code, Alcoholic Beverages and Cannabis § 32-310 - last updated January 01, 2025 | https://codes.findlaw.com/md/alcoholic-beverages-and-cannabis/md-code-al-bev-sect-32-310/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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