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PARRIS N. GLENDENING, Governor
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Ch. 229
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[(iv) Is insured by the Federal Deposit Insurance Corporation]
(III) 1. IS A PUBLIC DEPOSITORY OF STATE FUNDS INSURED BY
THE FEDERAL DEPOSIT INSURANCE CORPORATION; OR
2. IS AN INSTITUTION OF THE FARM CREDIT SYSTEM
ORGANIZED UNDER THE FARM CREDIT ACT OF 1971, AS AMENDED.
(3) "Linked deposit" means a deposit OR INVESTMENT that is placed by
the Administration with a lender and earns income below the prevailing market rate
for equivalent deposits OR INVESTMENTS made with the lender at the time of the
deposit OR INVESTMENT.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2002.
Approved April 25, 2002.
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CHAPTER 229
(House Bill 530)
AN ACT concerning
Family Investment Program - Earned Income Disregard
FOR the purpose of altering the amount of the earned income that will be disregarded
for the purposes of determining the amount of assistance an individual may
receive under the Family Investment Program; repealing a certain provisions
that provide for a termination of a certain increase in the amount of earned
income to be disregarded under the Program provision requiring the Secretary
of Human Resources to monitor certain federal legislative and regulatory
actions and to make certain certifications under certain circumstances;
repealing a certain provision of law providing for the abrogation of a certain
enactment subject to a certain certification; prohibiting the increase in the
earned income disregard under this Act from increasing certain expenditures;
requiring the Department of Human Resources to ensure that certain time
limits on the receipt of cash assistance do not apply under certain
circumstances; providing for the termination of this Act under certain
circumstances; and generally relating to earned income disregards under the
Family Investment Program.
BY repealing and reenacting, with amendments,
Article 88A - Department of Human Resources
Section 49(d)
Annotated Code of Maryland
(1998 Replacement Volume and 2001 Supplement)
BY repealing
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