Ch. 608                             MARVIN MANDEL, Governor                                1261

Approved May 21, 1973.

CHAPTER 608
(House Bill 1112)

AN ACT to repeal and re-enact, with amendments, Section 66(2) of Article 101 of
the Annotated Code of Maryland (1972 Supplement), title "Workmen's
Compensation," subtitle "Miscellaneous," changing the amount to be paid to
the Workmen's Compensation Commission by employers and certain insurers
when certain awards are rendered against them.

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 66(2) of Article 101 of the Annotated Code of
Maryland (1972 Supplement), title "Workmen's Compensation," subtitle
"Miscellaneous," be and it is hereby repealed and re-enacted with amendments and
to read as follows:

66.

(2) The employer, or, if insured, his insurance carrier, or the State Accident
Fund, as the case may be, shall pay to the Workmen's Compensation Commission
an amount equal to [two] THREE per centum [(2%)] (3%) on all awards
rendered against such employer for permanent disability and death, including
awards for disfigurement and mutilation and also on all amounts payable by an
employer and his insurance carrier or the State Accident Fund in pursuance to
settlement agreements approved by the Commission, as to awards and settlement
agreements approved on and after June 1, 1963. These payments shall be in
addition to any payment of compensation to injured employees or their dependents
otherwise provided in this article.

The Workmen's Compensation Commission shall promptly remit all such
payments received by it to the Treasurer of the State of Maryland, to be held,
managed and disbursed by him, as hereinafter provided. These payments received
by the Treasurer from the Workmen's Compensation Commission shall constitute
a special indemnity fund to be known as the "Subsequent Injury Fund." Such fund
shall consist of the payments above referred to, together with any money or
securities acquired by gift from the United States of America, or otherwise, and
interest earned through the use of money belonging to the fund, all of which is
hereinafter referred to as the "fund." The fund shall be disbursed by the Treasurer
only for the purposes stated in this section, and shall not at any time be
appropriated or diverted to any other use or purpose. The obligation of the bond
of the Treasurer shall contain a provision securing the protection of the fund. The
Treasurer shall invest any surplus moneys in the fund in any securities in which
other funds of the State may be legally invested, and shall sell any of the securities
in which the fund is invested at any time necessary for the proper administration
and protection thereof, or in its best interest, or for the purposes of making
payments therefrom. Disbursement from the fund shall be made by the Treasurer
only upon the written order of the Workmen's Compensation Commission. The
Treasurer, as custodian of the fund, shall furnish annually to the Commission a
statement of the fund setting forth the balance thereof as of the beginning of the
preceding year, the income therefrom, and the sources thereof, the payments from
the fund in itemized form, and the balance on hand as of the preceding December
31. Such statement shall be published by the Commission and be open to public
inspection in its office at all reasonable times. The Treasurer shall advise the