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ROBERT L. EHRLICH, JR., Governor Ch. 221
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CHAPTER 221
(Senate Bill 230)
AN ACT concerning
Higher Education - Nurse Support Program Assistance Fund - Hospital
Rates
FOR the purpose of establishing the Nurse Support Program Assistance Fund in the
Maryland Higher Education Commission; establishing a funding source for the
Fund; providing for expenditures from the Fund; requiring the Fund to be used
for certain purposes in accordance, with certain guidelines: requiring the.
guidelines to provide that a portion of certain grants be used for a certain
purpose: and generally relating to the Nurse Support Program Assistance Fund.
BY adding to
Article - Education
Section 11-404
Annotated Code of Maryland
(2004 Replacement Volume and 2005 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Education
11-404.
(A) IN THIS SECTION, "FUND" MEANS THE NURSE SUPPORT PROGRAM
ASSISTANCE 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.
(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.
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