Volume 350, Page 31 View pdf image (33K) |
certain capital facilities, including those provided to political subdivisions and other public organizations are The State enters into long-term contracts for construction of major capital projects and records the PROPRIETARY FUND TYPE Enterprise Funds: The enterprise funds include: 1. Economic Development: Direct loan and loan insurance programs of the Maryland Department of Economic and Community 2. Maryland Food Center Authority, which owns and operates warehouse facilities for use by wholesale food 3. Maryland Transportation Authority, which constructs, maintains and operates transportation toll facilities. 4. Maryland State Lottery, which operates the State Lottery. 5. Maryland Environmental Service, which constructs, maintains and operates water supply and liquid and 6. State Use Industries, which utilizes inmate labor from State correctional institutions to manufacture goods, 7. Maryland Higher Education Loan Corporation, which assists resident students in meeting costs of attending 8. Maryland Deposit Insurance Fund Corporation, which insures the deposits of member state-chartered savings FIDUCIARY FUND TYPES Transactions related to assets held by the State in a trustee or agency capacity are accounted for in fiduciary 1. Expendable Trust Funds: a. Deferred Compensation Plan: This fund accounts for the amounts withheld from employees and invested in the plan as the employee b. Employment Security Administration: This fund accounts for the unemployment taxes collected from employers, federal revenue received and 2. The nonexpendable trust fund reflects the transactions, assets, liabilities and fund equity of the State 3. The pension trust fund reflects the transactions, assets, liabilities and fund equities of the State administered 31
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Volume 350, Page 31 View pdf image (33K) |
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