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§ 15-142. Fair Share Health Care Fund

West's Annotated Code of MarylandHealth--GeneralEffective: January 1, 2007

West's Annotated Code of Maryland
Health--General
Title 15. Assistance Programs (Refs & Annos)
Subtitle 1. Medical and Pharmacy Assistance Programs (Refs & Annos)
Effective: January 1, 2007
MD Code, Health - General, § 15-142
§ 15-142. Fair Share Health Care Fund
Fund defined
(a) In this section, “Fund” means the Fair Share Health Care Fund.
In general
(b) There is a Fair Share Health Care Fund.
Purpose
(c) The purpose of the Fund is to support the operations of the Program.
Fund nonlapsing
(d)(1) The Fund is a special, nonlapsing fund that is not subject to § 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.
Contents
(e) The Fund consists of:
(1) Any revenue received from payments made by employers under Title 8.5 of the Labor and Employment Article; and
(2) Any other money from any other source accepted for the benefit of the Fund.
Use of funds
(f) The Fund may be used only to support the operations of the Program.
Investing of funds
(g)(1) The Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any investment earnings of the Fund shall be retained to the credit of the Fund.
Auditing of funds
(h) The Fund shall be subject to an audit by the Office of Legislative Audits as provided for in § 2-1220 of the State Government Article.

Credits

Added by Acts 2006, c. 1, § 1, eff. Jan. 1, 2007; Acts 2006, c. 3, § 1, eff. Jan. 1, 2007.
MD Code, Health - General, § 15-142, MD HEALTH GEN § 15-142
Current through legislation effective through June 1, 2022, from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document