Md. Code Ann., Lab. & Empl. § 8.3-503
Contents of fund; uses
Effective Oct 1, 2024Added by Acts 2022, c. 48, § 1, eff. Jan. 1, 2023. Amended by Acts 2024, c. 266, § 1, eff. Oct. 1, 2024; Acts 2024, c. 267, § 1, eff. Oct. 1, 2024.State of Maryland
(a) The Fund consists of:
- (1) employee contributions;
- (2) self-employed individual contributions;
- (3) employer contributions;
- (4) application and application renewal fees paid as required in regulations adopted under § 8.3-705(b)(3) of this title;
- (5) money paid to the Fund for the purpose of reimbursing the Secretary under § 8.3-902 of this title for benefits paid in error;
(6) money collected under:
- (i) § 8.3-903(1) of this title for assessed contributions and interest for an employer's or a self-employed individual's failure to pay contributions; and
- (ii) § 8.3-906(a)(1)(iii) of this title for the Department's costs of an appeal against an employer or insurer;
- (7) interest earned on money in the Fund; and
- (8) money received for the Fund from any other source.
- (b) Money in the Fund may be commingled.
(c)
- (1) Subject to paragraph (2) of this subsection, the Fund may be used only for the purposes of this title.
- (2) Fees paid into the Fund under subsection (a)(4) of this section may be used only for administrative purposes of the Program.
Added by Acts 2022, c. 48, § 1, eff. Jan. 1, 2023. Amended by Acts 2024, c. 266, § 1, eff. Oct. 1, 2024; Acts 2024, c. 267, § 1, eff. Oct. 1, 2024.