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MD HB705
Bill
Status
2/2/2026
Primary Sponsor
Julian Ivey
Click for details
AI Summary
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Establishes the Office of the Attorney General Enforcement Recovery Fund as a special, nonlapsing fund to support consumer protection, antitrust, and securities enforcement activities
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Allows the Attorney General to deposit up to 25% of qualified recoveries from enforcement actions under Commercial Law (Titles 11 and 13) and Corporations and Associations (Title 11, Subtitle 3), capped at $7,500,000 per fiscal year
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Qualified recoveries must exceed $100,000, be obtained through judgments, settlements, or consent decrees, and not be designated for other purposes such as victim restitution
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Fund may be used for investigations, prosecutions, expert witnesses, technology tools, staff training, and public education on consumer rights—but not for victim restitution payments
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Fund balance exceeding $7,500,000 at fiscal year-end transfers to the General Fund; interest earnings also go to the General Fund; effective date July 1, 2026
Legislative Description
State Government - Attorney General - Office of the Attorney General Enforcement Recovery Fund - Establishment
Fees
Last Action
Hearing 3/03 at 1:00 p.m.
2/20/2026