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HARRY HUGHES, Governor
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1109
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of compensation to employees who are injured or sustain an
occupational disease or their dependents otherwise provided in
this article.
The [Workmen's Compensation Commission] DIRECTOR OF THE
SUBSEQUENT INJURY FUND 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, FOR THE PURPOSE
OF PAYING BENEFITS TO CLAIMANTS OR DEPENDENTS, shall be made by
the Treasurer only upon written order of the Workmen's
Compensation Commission. DISBURSEMENTS FROM THE FUND FOR ANY
OTHER PURPOSE ENUMERATED HEREIN MADE PURSUANT TO THIS SECTION
SHALL BE MADE BY THE TREASURER ONLY AT THE DIRECTION OF THE
DIRECTOR OF THE SUBSEQUENT INJURY FUND PURSUANT TO AUTHORITY FROM
THE SUBSEQUENT INJURY FUND BOARD. The Treasurer, as custodian of
the fund, shall furnish annually to the [Commission] SUBSEQUENT
INJURY FUND BOARD 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] SUBSEQUENT INJURY FUND BOARD and be open to public
inspection in its office at all reasonable times. The Treasurer
shall advise the [Commission] SUBSEQUENT INJURY FUND BOARD at
least quarterly, and oftener if requested, as to the amount of
the fund in his hands.
(3) The Treasurer is authorized to receive and credit to
the fund any sum or sums which may at any time be contributed to
the State or the fund by the United States of America or any
agency thereof to which the State may be or become entitled under
any act of Congress or otherwise, by reason of any payment made
from the said fund.
(4) When [the fund shall] ASSETS OF THE SUBSEQUENT INJURY
FUND equal or exceed one million dollars ($1,000,000.00), AFTER
DEDUCTION OF ENCUMBRANCES AND NECESSARY EXPENSES, THAT ANY
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