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Session Laws, 2007
Volume 803, Page 1006   View pdf image
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Ch. 108
2007 Laws of Maryland
10-405. (a) In this section, "Fund" means the Continuing Care Fund. (b) There is a Continuing Care Fund. (c) The purpose of the Fund is to defray the costs of
administering this subtitle. (d) The Department of Aging shall administer the Fund. (e) (l) The Fund is a special, nonlapsing fund that is not
subject to § 7-302 of the state finance and procurement article. (2) The State Treasurer shall hold the Fund
separately, and the comptroller shall account for the fund. (f) the fund consists of: (1) all fees collected under this subtitle; (2) money appropriated in the state budget to the fund; (3) investment earnings of the fund; and (4) any other money from any other source accepted for
the benefit of the fund. (g) The Fund may be used only for the purposes specified in
this subtitle. (h) (l) The State 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 paid
into the Fund. (i) Expenditures from the Fund may be made only in
accordance with the state budget.
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Session Laws, 2007
Volume 803, Page 1006   View pdf image
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