Ch. 3

1995 LAWS OF MARYLAND

16-106.

(A)     THE FUND PROVIDED BY THIS TITLE SHALL CONSIST OF THE ASSETS
TURNED OVER TO THE BOARD OF TRUSTEES BY THE POLICE COMMISSIONER OF
BALTIMORE CITY FROM THE RELIEF FUND, AND ANY INCREMENTS FROM GIFTS OR
CONTRIBUTIONS FROM ANY SOURCE, LESS BENEFIT PAYMENTS AND EXPENSES. THE
BOARD OF TRUSTEES MAY RECEIVE AND ACCEPT GIFTS, DEVISES, AND BEQUESTS
TO BE ADMINISTERED IN ACCORDANCE WITH THIS TITLE FROM ANY PERSON,
GOVERNMENTAL AGENCY, OR PUBLIC OR PRIVATE CORPORATION OR
ASSOCIATION. THE BOARD MAY MAKE SUCH EXPENDITURES; FOR THE PURPOSE OF
CARRYING OUT THIS TITLE, AS IN THEIR JUDGMENT MAY BE NECESSARY,
INCLUDING BUT NOT LIMITED TO ORGANIZATION, CLERICAL, AND OFFICE
EXPENSES.

(B)     WHEN THE FUND FALLS BELOW $75,000, THE BOARD OF TRUSTEES MAY
REQUIRE THE COLLECTION, BY MEANS OF PAYROLL DEDUCTIONS, FROM EACH
OFFICER AND CIVILIAN EMPLOYEE OF THE POLICE DEPARTMENT OF BALTIMORE
CITY, OF AN AMOUNT NOT EXCEEDING 10 CENTS PER WEEK, FOR PAYMENT TO THE
FUND, FOR SUCH TIME OR TIMES AS THE BOARD MAY REQUIRE, EXCEPT THAT ALL
SUCH ASSESSMENTS SHALL CEASE WHENEVER THE FUND REACHES $200,000, AND
MAY NOT AGAIN BE REQUIRED UNTIL THE FUND AGAIN FALLS BELOW $75,000. UPON
WRITTEN REQUEST OF AT LEAST 10 PERCENT OF THE TOTAL NUMBER OF
PERSONNEL OF THE DEPARTMENT, THE ACTION OF THE BOARD IN REQUIRING AN
ASSESSMENT SHALL BE SUBMITTED TO A SECRET BALLOT VOTE OF THE OFFICERS
AND CIVILIAN EMPLOYEES OF THE DEPARTMENT, AND IF A MAJORITY OF THE
VOTES CAST ARE OPPOSED TO ASSESSMENT, THE ASSESSMENT SHALL NOT BE
IMPOSED. IF NOT REPLENISHED BY ASSESSMENT, THE FUND SHALL BE USED UNTIL
EXHAUSTED TO PAY THE BENEFITS HEREIN, WHEREUPON THE FUND SHALL CEASE.

(C)     THE BOARD OF TRUSTEES MAY INVEST THE ASSETS OF THE FUND IN
SUCH INVESTMENTS AS IN THEIR DISCRETION THEY DEEM PRUDENT, BUT AT LEAST
SUFFICIENT CASH SHALL BE DEPOSITED IN FEDERALLY INSURED SAVINGS
ACCOUNTS TO MEET THE ANTICIPATED BENEFIT PAYMENTS FOR EACH YEAR.

(D)     THE ACCOUNTS OF THE FUND SHALL BE REGULARLY AUDITED BY THE
LEGISLATIVE AUDITOR, AND FROM TIME TO TIME BY SUCH INDEPENDENT
CERTIFIED PUBLIC ACCOUNTANT THAT THE BOARD OF TRUSTEES MAY ENGAGE. ON
OR BEFORE MAY 1 IN EACH YEAR, THE BOARD OF TRUSTEES SHALL PUBLISH
ANNUALLY A REPORT INCLUDING THE FISCAL TRANSACTIONS OF THE FUND FOR
THE YEAR ENDING THE PRECEDING DECEMBER 31, AND A DETAILED BALANCE
SHEET AS OF THE SAID PRECEDING DECEMBER 31. THE BOARD SHALL SUBMIT
COPIES OF SAID REPORT FOR POSTING AT ALL THE HEADQUARTERS AND ALL
OTHER BUILDINGS, FACILITIES, AND INSTALLATIONS OF THE DEPARTMENT, AND
SHALL FILE WITH ITS OWN RECORDS ONE OR MORE COPIES, WHICH SHALL BE MADE
AVAILABLE TO ANY OFFICER OR CIVILIAN EMPLOYEE OF THE DEPARTMENT OR
POTENTIAL BENEFICIARY OF ANY DECEASED OFFICER OR CIVILIAN EMPLOYEE
WISHING TO INSPECT THE SAME.

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