1404                                      LAWS OF MARYLAND                                 Ch. 671

partial or total lump sum, without discount, EXCEPT, HOWEVER, THAT NO
LUMP SUM MAY BE GRANTED FROM COMPENSATION PAYABLE
AFTER THE SUM OF $45,000.00 HAS BEEN PAID. IF A LUMP SUM IS
GRANTED UNDER SECTION 36(1)(A) OR SECTION 36(8) OF THIS
ARTICLE, THE COMMISSION SHALL REDUCE THE WEEKLY RATE OF
COMPENSATION UNTIL THE AMOUNT OF THE LUMP SUM GRANTED
WOULD HAVE BEEN PAID IF THAT SUM HAD BEEN PAID IN WEEKLY
PAYMENTS.

52.

At any time after a claim for compensation under this article has been filed with
the Workmen's Compensation Commission by any claimant, and said claimant
and/or his or her dependents may, with the approval of the Commission, enter into
an agreement with the employer or insurer of such employer OR WITH THE
SUBSEQUENT INJURY FUND providing for a final compromise and
settlement of any and all claims which the said employee or his or her dependents
might then or thereafter have under the provisions of this article, upon such terms
and conditions as the Commission shall, in its discretion, deem proper. Any such
settlement when approved by the Commission shall be binding upon all parties
thereto, and no such settlement shall be effective unless approved by the
Commission. Upon death, any balance payable under such final compromise and
settlement shall be an asset in the hands of the personal representative of the
deceased party to such final compromise and settlement.

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 per centum (2%) 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] EMPLOYEES WHO ARE INJURED OR SUSTAIN
AN OCCUPATIONAL DISEASE 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