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§ 11-405. Nurse Support Program Assistance Fund

West's Annotated Code of MarylandEducationEffective: October 1, 2016

West's Annotated Code of Maryland
Education (Refs & Annos)
Division III. Higher Education [Titles 10-20] (Refs & Annos)
Title 11. Maryland Higher Education Commission (Refs & Annos)
Subtitle 4. Other Powers and Duties (Refs & Annos)
Effective: October 1, 2016
MD Code, Education, § 11-405
§ 11-405. Nurse Support Program Assistance Fund
Currentness
Fund defined
(a) In this section, “Fund” means the Nurse Support Program Assistance Fund.
Nature of Fund
(b)(1) There is a Nurse Support Program Assistance Fund in the Commission.
(2) The Fund is a continuing, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(3) The Treasurer shall separately hold and the Comptroller shall account for the Fund.
(4) The Fund shall be invested and reinvested in the same manner as other State funds.
(5) Any investment earnings of the Fund shall be paid into the Fund.
Contents of Fund
(c) The Fund consists of revenue generated through an increase, as approved by the Health Services Cost Review Commission, to the rate structure of all hospitals in accordance with § 19-211 of the Health--General Article.
Expenditures from Fund
(d) Expenditures from the Fund shall be made by an appropriation in the annual State budget or by approved budget amendment as provided under § 7-209 of the State Finance and Procurement Article.
Fund used for competitive and statewide grants
(e) The money in the Fund shall be used for competitive grants and statewide grants to increase the number of qualified nurses in Maryland hospitals in accordance with guidelines established by the Commission and the Health Services Cost Review Commission.
Attraction and retention of minorities to nursing careers
(f) The guidelines established under subsection (e) of this section shall provide that a portion of the competitive grants and statewide grants be used to attract and retain minorities to nursing and nurse faculty careers in Maryland.

Credits

Added by Acts 2006, c. 221, § 1, eff. June 1, 2006; Acts 2006, c. 222, § 1, eff. June 1, 2006. Amended by Acts 2016, c. 159, § 1, eff. Oct. 1, 2016.
MD Code, Education, § 11-405, MD EDUC § 11-405
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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