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Maryland Code, Labor and Employment § 8.3-504

Current as of January 01, 2025 | Updated by Findlaw Staff

(a)(1) The State Treasurer is custodian of the Fund.

(2) The State Treasurer shall manage the Fund in accordance with regulations that the Secretary adopts.

(b) Under the direction of the Secretary, the State Treasurer shall establish the Fund account in any financial institution in which the General Fund of the State may be deposited.

(c) On receipt of any money payable to the Fund, the Secretary shall ensure immediate deposit of the money into the Fund account as required by the State Treasurer.

(d) In accordance with regulations that the Secretary adopts, money in the Fund account:

(1) shall be used to pay benefits under this title; and

(2) may be used to pay for:

(i) the public education program carried out under § 8.3-403(a)(4) of this title; and

(ii) any costs associated with the initial implementation and ongoing administration of this title.

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Cite this article: FindLaw.com - Maryland Code, Labor and Employment § 8.3-504 - last updated January 01, 2025 | https://codes.findlaw.com/md/labor-and-employment/md-code-labor-and-emply-sect-8-3-504/

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