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§ 8-202. Volunteer Company Assistance Fund--In general

West's Annotated Code of MarylandPublic SafetyEffective: May 4, 2010

West's Annotated Code of Maryland
Public Safety (Refs & Annos)
Title 8. Fire and Rescue Funds (Refs & Annos)
Subtitle 2. Volunteer Company Assistance Fund (Refs & Annos)
Effective: May 4, 2010
MD Code, Public Safety, § 8-202
Formerly cited as MD CODE Art. 38A, § 46
§ 8-202. Volunteer Company Assistance Fund--In general
Currentness
Established
(a) There is a Volunteer Company Assistance Fund.
Status
(b)(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.
Appropriation
(c) After consultation with the Association, the Governor may include in the State budget each year an appropriation to the Fund.
Composition
(d)(1) Any investment earnings of the Fund shall be credited to the Fund.
(2) Repayments on loans from the Fund shall be placed in the Fund and made available to fund grant or loan requests.
Loans
(e) For the purpose of making loans under this subtitle, the Association shall:
(1) develop loan criteria;
(2) develop loan terms, including interest rates; and
(3) recommend to the Board of Public Works the approval or denial of loans.

Credits

Added by Acts 2003, c. 5, § 2, eff. Oct. 1, 2003. Amended by Acts 2004, c. 430, § 1, eff. June 1, 2004; Acts 2005, c. 136, § 1, eff. July 1, 2005; Acts 2010, c. 479, § 1, eff. May 4, 2010.
MD Code, Public Safety, § 8-202, MD PUBLIC SAFETY § 8-202
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.
End of Document