(a) A correctional facility in the Division shall maintain a reserve financial account and a spending financial account for each inmate in the correctional facility.

(b) The accounts of an inmate may be charged for:

(1) the reasonable value of any State property that the inmate:

(i) willfully or maliciously destroys; or

(ii) destroys as the result of gross negligence; or

(2) any fees assessed under § 2-118 of this article.

(c) The Commissioner shall adopt regulations that:

(1) set forth those items that may be credited to or disbursed from an account under this section; and

(2) set forth procedures for carrying out this section, including procedures that provide due process of law to each inmate before the inmate’s accounts may be charged with a disbursement under subsection (b) of this section.