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§ 7-613. Assistive Technology Guaranteed Loan Fund--In general

West's Annotated Code of MarylandHuman ServicesEffective: October 1, 2007

West's Annotated Code of Maryland
Human Services (Refs & Annos)
Title 7. Individuals with Disabilities (Refs & Annos)
Subtitle 6. Assistive Technology Guaranteed Loan Program (Refs & Annos)
Effective: October 1, 2007
MD Code, Human Services, § 7-613
§ 7-613. Assistive Technology Guaranteed Loan Fund--In general
(a) There is an Assistive Technology Loan Fund in the Department.
(b) The purpose of the Fund is to provide guarantees of loans and subsidies of loan interest for the purchase of assistive technology.
(c)(1) The Board shall administer the Fund.
(2) The Treasurer shall hold the Fund separately and the Comptroller shall account for the Fund.
(d) The Fund is a continuing, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
Investment earnings
(e) Any investment earnings of the Fund shall be paid into the Fund.
Reversion to General Fund on resolution of Board
(f) If, at any time, the balance of the Fund exceeds the amount that the Board considers necessary to meet its obligations, on resolution of the Board, the excess shall revert to the General Fund.


Added by Acts 2007, c. 3, § 2, eff. Oct. 1, 2007. Amended by Acts 2008, c. 62, § 1, eff. July 1, 2008.
MD Code, Human Services, § 7-613, MD HUMAN SERV § 7-613
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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