§ 3-411. Partnership for Workforce Quality Fund

West's Annotated Code of MarylandEconomic DevelopmentEffective: June 1, 2017

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division I. Secretary of Commerce and Department of Commerce [Titles 1-8] (Refs & Annos)
Title 3. Economic Development and Business Resources (Refs & Annos)
Subtitle 4. Partnership for Workforce Quality (Refs & Annos)
Effective: June 1, 2017
MD Code, Economic Development, § 3-411
§ 3-411. Partnership for Workforce Quality Fund
Currentness
Established
(a) There is a Partnership for Workforce Quality Fund in the Department.
Management
(b) The Secretary shall manage and supervise the Fund.
Administration
(c)(1) The Fund is a special, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.
(2) The Treasurer shall hold the Fund separately and the Comptroller shall account for the Fund.
Composition
(d) The Fund consists of:
(1) money appropriated by the State to the Fund;
(2) money made available to the Fund through federal programs;
(3) private contributions to the Fund;
(4) an application or other fee paid to the Program in connection with processing a request for financial assistance; and
(5) any other money made available to the Fund.
Use of Fund
(e) The Department may use money in the Fund for:
(1) grants to defray the cost of workforce training; and
(2) administrative, actuarial, legal, and technical services for the Program.
Investment earnings
(f) Any investment earnings shall be credited to the Fund.
Appropriation
(g) The Governor shall include in the State budget for each fiscal year an appropriation of at least $1,000,000 for the Partnership for Workforce Quality Program.

Credits

Added by Acts 2008, c. 306, § 2, eff. Oct. 1, 2008. Amended by Acts 2017, c. 149, § 1, eff. June 1, 2017.
MD Code, Economic Development, § 3-411, MD ECON DEV § 3-411
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