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§ 6-425. Asbestos Worker Protection Fund

West's Annotated Code of MarylandEnvironmentEffective: October 1, 2012

West's Annotated Code of Maryland
Environment
Title 6. Toxic, Carcinogenic, and Flammable Substances (Refs & Annos)
Subtitle 4. Asbestos Removal
Part V. Asbestos Worker Protection Fund (Refs & Annos)
Effective: October 1, 2012
MD Code, Environment, § 6-425
§ 6-425. Asbestos Worker Protection Fund
Currentness
“Fund” defined
(a) In this section, “Fund” means the Asbestos Worker Protection Fund.
Fund established
(b) There is an Asbestos Worker Protection Fund.
Administration
(c) The Department shall administer the Fund.
Nature of fund
(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 State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
Composition
(e) The Fund consists of:
(1) All penalties and fines collected under § 6-422 of this subtitle;
(2) Money appropriated in the State budget to the Fund;
(3) Investment earnings of the Fund; and
(4) Any other money from any other source accepted for the benefit of the Fund.
Use of Fund
(f) In accordance with the State budget, the Fund shall be used only for asbestos worker protection and enforcement activities under this subtitle.
Investment of fund money
(g)(1) The State Treasurer shall invest the money in the Fund in the same manner as other State money may be invested.
(2) Any investment earnings of the Fund shall be paid into the Fund.
Fund money additional to other funding
(h) Money expended from the Fund for enforcement activities is supplemental to, and is not intended to take the place of, funding that otherwise would be appropriated for asbestos worker protection and enforcement activities.

Credits

Added by Acts 2012, c. 278, § 1, eff. Oct. 1, 2012; Acts 2012, c. 279, § 1, eff. Oct. 1, 2012.
MD Code, Environment, § 6-425, MD ENVIR § 6-425
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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