Ch. 468  1999 LAWS OF MARYLAND

(F) ANY INVESTMENT EARNINGS OF THE FUND SHALL BE PAID INTO THE
FUND.

(G) IF, AT ANY TIME, THE BALANCE OF THE FUND EXCEEDS THE AMOUNT
THAT THE BOARD CONSIDERS NECESSARY TO MEET ITS OBLIGATIONS, THE EXCESS,
ON RESOLUTION OF THE BOARD, SHALL REVERT TO THE GENERAL FUND.

14-907.

(A) ALL RECEIPTS DESIGNATED FOR THE FUND SHALL BE PLACED IN THE
FUND AND ADMINISTERED BY THE BOARD INCLUDING THE FUND MAY CONSIST OF
ANY OF THE FOLLOWING:

(1) PREMIUMS AND FEES FOR THE GUARANTEES OF LOANS OR THE
SUBSIDIES OF LOAN INTEREST;

(2) INCOME FROM INVESTMENTS THAT THE STATE TREASURER, ON
INSTRUCTION OF THE BOARD, MAKES FOR THE BOARD UNDER THIS SUBTITLE
INVESTMENT EARNINGS;

(3) PROCEEDS FROM THE SALE, DISPOSITION, LEASE, OR RENTAL OF
COLLATERAL RELATING TO THE GUARANTEES OR OF LOANS OF OR SUBSIDIES OF
LOAN INTEREST;

(4) MONEYS APPROPRIATED BY THE STATE TO THE FUND; AND

(5) ANY OTHER MONEYS MADE AVAILABLE TO THE FUND.

(B) THE FUND SHALL BE USED TO PAY ALL EXPENSES AND DISBURSEMENTS
AUTHORIZED BY THE BOARD FOR ADMINISTERING THE FUND AND FINANCING THE
GUARANTEES OF LOANS AND THE SUBSIDIES OF LOAN INTEREST FOR THE
PURCHASE OF ASSISTIVE TECHNOLOGY FOR INDIVIDUALS WITH DISABILITIES,
INCLUDING BY WAY OF EXAMPLE:

(1) GUARANTY PAYMENTS REQUIRED BY LOAN DEFAULTS; AND

(2) EXPENSES FOR ADMINISTRATIVE, LEGAL, ACTUARIAL, TECHNICAL
ASSISTANCE, AND OTHER SERVICES.

14-908.

(A) IF, AT ANY TIME, THE AMOUNT OF MONEY IN THE FUND EXCEEDS THE
AMOUNT THAT THE BOARD CONSIDERS NECESSARY TO CURRENTLY MEET EXPENSES
AND OBLIGATIONS, THE EXCESS SHALL BE:

(1) DEPOSITED WITH THE STATE TREASURER, TO THE CREDIT OF THE
FUND; AND

(2) INVESTED IN THE MANNER PROVIDED FOR BY LAW.

(B) IF, AT ANY TIME, THE AMOUNT OF MONEY IN OR CREDITED TO THE FUND
EXCEEDS THE AMOUNT THAT THE BOARD CONSIDERS NECESSARY TO MEET ITS
OBLIGATIONS, THE EXCESS, ON RESOLUTION OF THE BOARD, SHALL BE PAID TO THE
STATE TREASURER.