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§ 10-407. Transportation Network Assessment Fund

West's Annotated Code of MarylandPublic UtilitiesEffective: July 1, 2015

West's Annotated Code of Maryland
Public Utilities (Refs & Annos)
Division I. Public Services and Utilities [Titles 1-15] (Refs & Annos)
Title 10. For-Hire Driving Services (Refs & Annos)
Subtitle 4. Transportation Network Company Services (Refs & Annos)
Effective: July 1, 2015
MD Code, Public Utilities, § 10-407
§ 10-407. Transportation Network Assessment Fund
Currentness
In general
(a) There is a Transportation Network Assessment Fund.
Revenues in Fund
(b) The Fund consists of assessment revenues submitted to the Comptroller from transportation network companies under § 10-406(g) of this subtitle.
Purpose of Fund
(c) The purpose of the Fund is to:
(1) receive assessment revenues submitted from transportation network companies; and
(2) disburse assessment revenues to the appropriate counties and municipalities in accordance with this subsection.
Duties of Comptroller
(d)(1) The Comptroller shall:
(i) deposit in the Fund assessment revenues received from transportation network companies; and
(ii) disburse trip assessment revenues to the appropriate counties and municipalities.
(2) The Treasurer is the custodian of the Fund.
Nature of Fund
(e)(1) The Fund is a continuing, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article, and may not be deemed a part of the General Fund of the State.
(2) No part of the Fund may revert or be credited to:
(i) the General Fund of the State; or
(ii) a special fund of the State.

Credits

Added by Acts 2015, c. 204, § 1, eff. July 1, 2015.
MD Code, Public Utilities, § 10-407, MD PUBLIC UTIL § 10-407
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document