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Ch. 1 2006 LAWS OF MARYLAND
BY adding to
Article - Health - General
Section 15-142
Annotated Code of Maryland
(2000 Replacement Volume and 2004 Supplement)
BY adding to
Article — Labor and Employment
Section 8.5-101 through 8.5 106 8.5-107, inclusive, to be under the new title
"Title 8.5. Health Care Payroll Assessment"
Annotated Code of Maryland
(1999 Replacement Volume and 2004 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Health - General
15-142.
(A) IN THIS SECTION, "FUND" MEANS THE FAIR SHARE HEALTH CARE FUND.
(B) THERE IS A FAIR SHARE HEALTH CARE FUND.
(C) THE PURPOSE OF THE FUND IS TO SUPPORT THE OPERATIONS OF THE
PROGRAM.
(D) (1) THE FUND IS A SPECIAL, NONLAPSING FUND THAT IS NOT SUBJECT
TO § 7-302 OF THE STATE FINANCE AND PROCUREMENT ARTICLE.
(2) THE TREASURER SHALL HOLD THE FUND SEPARATELY, AND THE
COMPTROLLER SHALL ACCOUNT FOR THE FUND.
(E) THE FUND CONSISTS OF:
(1) ANY REVENUE RECEIVED FROM PAYMENTS MADE BY EMPLOYERS
UNDER TITLE 8.5 OF THE LABOR AND EMPLOYMENT ARTICLE; AND
(2) ANY OTHER MONEY FROM ANY OTHER SOURCE ACCEPTED FOR THE
BENEFIT OF THE FUND.
(F) THE FUND MAY BE USED ONLY TO SUPPORT THE OPERATIONS OF THE
PROGRAM.
(G) (1) THE TREASURER SHALL INVEST THE MONEY OF THE FUND IN THE
SAME MANNER AS OTHER STATE MONEY MAY BE INVESTED.
(2) ANY INVESTMENT EARNINGS OF THE FUND SHALL BE RETAINED TO
THE CREDIT OF THE FUND.
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