Maryland Code, LABOR AND EMPLOYMENT 11-1302
Terms Used In Maryland Code, LABOR AND EMPLOYMENT 11-1302
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) The Center shall administer the Fund.
(c) (1) The Fund is a special, nonlapsing revolving fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(2) The Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
(d) The Fund consists of:
(1) money appropriated in the State budget to the Fund;
(2) money made available to the Fund through federal programs or private contributions;
(3) money derived by the Center; or
(4) any other money made available to the Center for the Fund.
(e) For fiscal year 2018 and each fiscal year thereafter, the Governor shall include in the annual State budget an appropriation to the Fund of $250,000 to support the operation of the Center.
(f) The Fund may be used only to support the purposes of the Center.
(g) (1) The Treasurer shall invest money in 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.