Skip to main content
Find a Lawyer

Maryland Code, State Finance and Procurement § 7-327

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

(a) In this section, “Fund” means the Federal Government Shutdown Employee Assistance Loan Fund.

(b) There is a Federal Government Shutdown Employee Assistance Loan Fund.

(c) The purpose of the Fund is to provide loans to employees of the federal government who are:

(1) required to report to work at a work site located in the State; and

(2) not being paid because of a full or partial federal government shutdown due to a lapse in appropriations.

(d) The Maryland Department of Labor shall administer the Fund.

(e)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of this subtitle that shall be available in perpetuity for the purpose of providing loans in accordance with the provisions of this section.

(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.

(f) The Fund consists of:

(1) money appropriated in the State budget to the Fund;

(2) any interest earnings of the Fund;

(3) money transferred from the Catastrophic Event Account in accordance with § 7-324 of this subtitle;

(4) repayments on loans made from the Fund; and

(5) any other money from any other source accepted for the benefit of the Fund.

(g) The Fund shall be used only to provide no-interest loans to employees of the federal government who are:

(1) required to report to work at a work site located in the State; and

(2) not being paid because of a full or partial federal government shutdown due to a lapse in appropriations.

(h)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.

(2) Any interest earnings of the Fund shall be credited to the Fund.

(i)(1) Subject to paragraph (2) of this subsection, the Maryland Department of Labor shall establish procedures and eligibility criteria for loans from the Fund.

(2) The eligibility criteria shall include that:

(i) the federal government is in a full or partial shutdown due to a lapse in appropriations; and

(ii) an individual applying for a loan from the Fund is:

1. an employee of the federal government;

2. required to report to work at a work site located in the State; and

3. not being paid because of the full or partial federal government shutdown due to the lapse in appropriations.

(3) The procedures shall include:

(i) application procedures;

(ii) payment procedures from the Fund; and

(iii) repayment procedures, including timelines, for an individual to repay a loan from the Fund.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Maryland Code, State Finance and Procurement § 7-327 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-finance-and-procurement/md-code-state-fin-and-proc-sect-7-327/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard