Md. Code Ann., Transp. § 13-209
Assurance Fund
Effective Apr 13, 2010Added by Acts 1977, c. 14, § 2, eff. July 1, 1977. Amended by Acts 1991, 1st Sp. Sess., c. 2; Acts 2010, c. 72, § 1, eff. April 13, 2010.State of Maryland
- (a) The Administration shall maintain an Assurance Fund and deposit in it the filing fees collected under this subtitle.
- (b) When the Assurance Fund reaches $25,000, any money in excess of that amount shall be transferred to the Transportation Trust Fund.
Added by Acts 1977, c. 14, § 2, eff. July 1, 1977. Amended by Acts 1991, 1st Sp. Sess., c. 2; Acts 2010, c. 72, § 1, eff. April 13, 2010.
Formerly Art. 66 ½, § 3-209.