§ 7-806. Universal Service Trust Fund
West's Annotated Code of MarylandHuman ServicesEffective: July 1, 2022
Effective: July 1, 2022
MD Code, Human Services, § 7-806
Formerly cited as MD STATE FIN & PROC § 3A-506
§ 7-806. Universal Service Trust Fund
(a)(1) Subject to paragraph (2) of this subsection, the programs under § 7-804(a) of this subtitle, § 7-902(a) of this title, and § 3.5-702 of the State Finance and Procurement Article shall be funded as provided in the State budget.
(b)(1) There is a Universal Service Trust Fund created for the purpose of paying the costs of maintaining and operating the programs under:
(c)(1) The costs of the programs under § 7-804(a) of this subtitle, § 7-902(a) of this title, and § 3.5-702 of the State Finance and Procurement Article shall be funded by revenues generated by:
(d)(1) The Secretary shall annually certify to the Public Service Commission the costs of the programs under § 7-804(a) of this subtitle, § 7-902(a) of this title, and § 3.5-702 of the State Finance and Procurement Article to be paid by the Universal Service Trust Fund for the following fiscal year.
(ii) 1. In accordance with subsection (c)(2) of this section and subsubparagraph 2 of this subparagraph, the Public Service Commission shall set the surcharge for the following fiscal year at an amount that is no higher than necessary to generate sufficient revenues to fund the costs of the programs for the following fiscal year, as certified under paragraph (1) of this subsection.
2. In setting the surcharge under subsubparagraph 1 of this subparagraph, the Public Service Commission shall take into account whether the surcharge may be adjusted as a result of any uncommitted funds in the Universal Service Trust Fund at the end of the fiscal year that may be used to fund the costs of the programs for the following fiscal year.
(e)(1) The affected communications companies shall act as collection agents for the Universal Service Trust Fund and shall remit all proceeds monthly to the Comptroller for deposit to the Universal Service Trust Fund.
(g)(1) The Legislative Auditor may conduct postaudits of a fiscal and compliance nature of the Universal Service Trust Fund and the expenditures made for purposes of § 7-804(a) of this subtitle, § 7-902(a) of this title, and § 3.5-702 of the State Finance and Procurement Article.
Credits
Added as State Finance and Procurement § 3A-506 by Acts 2008, c. 9, § 2, eff. July 1, 2008. Amended by Acts 2012, c. 571, § 1, eff. July 1, 2012; Acts 2012, c. 572, § 1, eff. July 1, 2012; Acts 2015, c. 22, § 5; Acts 2016, c. 8, §§ 1, 5, eff. March 14, 2016; Acts 2016, c. 49, § 1, eff. July 1, 2016; Acts 2017, c. 673, § 1, eff. June 1, 2017. Transferred to be Human Services § 7-806 by Acts 2020, c. 586, § 1, eff. July 1, 2020. Amended by Acts 2020, c. 586, § 2, eff. July 1, 2020; Acts 2022, c. 241, § 2, eff. May 12, 2022; Acts 2022, c. 242, § 2, eff. July 1, 2022.
MD Code, Human Services, § 7-806, MD HUMAN SERV § 7-806
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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