§ 9-319. Workers' Compensation Fund
West's Annotated Code of MarylandLabor and Employment
MD Code, Labor and Employment, § 9-319
§ 9-319. Workers' Compensation Fund
(a) There is a Workers' Compensation Fund that consists of:
(b) Notwithstanding subsection (a) of this section, the Commission shall pay all fines and penalties collected by the Commission under this title into the General Fund of the State.
(c) The purpose of the Fund is to pay:
(d)(1) All the costs and expenses of the Commission shall be included in the State budget.
(3)(i) If, in any given fiscal year, the amount of the revenue collected by the Commission and deposited into the Fund exceeds the actual appropriation for the Commission, plus an additional 1 percent provision for unanticipated expenditures over the actual appropriation for the Commission, the excess amount shall be carried forward within the Fund for the purpose of reducing the assessment fee imposed by the Commission for the following fiscal year.
(ii) If, in any given year, the amount of revenue collected by the Commission and deposited into the Fund is insufficient to cover the expenditures of the Commission because of an unforeseen emergency and expenditures are made in accordance with the budget amendment procedure provided for in § 7-209 of the State Finance and Procurement Article, an additional assessment for the expenditures may be made.
(f)(1) The Fund is a continuing, nonlapsing fund and 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.
Credits
Added by Acts 2002, c. 487, § 1, eff. June 1, 2002.
MD Code, Labor and Employment, § 9-319, MD LABOR & EMPLY § 9-319
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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