1. (a) There is a Transportation Network Assessment Fund.
2. (b) The Fund consists of assessment revenues submitted to the Comptroller from transportation network companies under § 10-406(g) of this subtitle.

3. (c) The purpose of the Fund is to:

   1. (1) receive assessment revenues submitted from transportation network companies; and
   2. (2) disburse assessment revenues to the appropriate counties and municipalities in accordance with this subsection.

4. (d)

   1. (1) The Comptroller shall:

      1. (i) deposit in the Fund assessment revenues received from transportation network companies; and
      2. (ii) disburse trip assessment revenues to the appropriate counties and municipalities.
   2. (2) The Treasurer is the custodian of the Fund.

5. (e)

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

      1. (i) the General Fund of the State; or
      2. (ii) a special fund of the State.

Added by Acts 2015, c. 204, § 1, eff. July 1, 2015.