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§ 10-214. Composition; use

West's Annotated Code of MarylandLabor and Employment

West's Annotated Code of Maryland
Labor and Employment
Title 10. Funds (Refs & Annos)
Subtitle 2. Subsequent Injury Fund (Refs & Annos)
Part IV. Purpose and Administration of Fund (Refs & Annos)
MD Code, Labor and Employment, § 10-214
§ 10-214. Composition; use
Currentness
Composition
(a) The Fund shall consist of:
(1) the money credited to the Fund under Title 9 of this article;
(2) income from investments that the State Treasurer makes for the Fund;
(3) interest on deposits or investments of money from the Fund;
(4) money that the Fund acquires by gift; and
(5) money that the federal government pays as reimbursement for a payment from the Fund.
Additional assets
(b) The Fund shall include each security that the Fund acquires.
Use
(c) The Fund shall be used to pay:
(1) each award under Title 9 of this article charged against the Fund; and
(2) other expenses authorized in the State budget.

Credits

Added by Acts 1991, c. 8, § 2, eff. Oct. 1, 1991.
Formerly Art. 101, § 66.
MD Code, Labor and Employment, § 10-214, MD LABOR & EMPLY § 10-214
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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