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Maryland Code, Public Utilities § 10-407

Current as of December 31, 2021 | Updated by FindLaw Staff

(a) There is a Transportation Network Assessment Fund.

(b) The Fund consists of assessment revenues submitted to the Comptroller from transportation network companies under § 10-406(g) of this subtitle.

(c) The purpose of the Fund is to:

(1) receive assessment revenues submitted from transportation network companies; and

(2) disburse assessment revenues to the appropriate counties and municipalities in accordance with this subsection.

(d)(1) The Comptroller shall:

(i) deposit in the Fund assessment revenues received from transportation network companies; and

(ii) disburse trip assessment revenues to the appropriate counties and municipalities.

(2) The Treasurer is the custodian of the Fund.

(e)(1) The Fund is a continuing, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article, and may not be deemed a part of the General Fund of the State.

(2) No part of the Fund may revert or be credited to:

(i) the General Fund of the State; or

(ii) a special fund of the State.

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Cite this article: FindLaw.com - Maryland Code, Public Utilities § 10-407 - last updated December 31, 2021 | https://codes.findlaw.com/md/public-utilities/md-code-public-util-sect-10-407/

Read this complete Maryland Code, Public Utilities § 10-407 on Westlaw

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