- A. The Secretary may make an accounting of the Fund as appropriate.
- B. Notwithstanding any other provision of this chapter, the Secretary may issue an annual assessment to each school. An annual assessment shall be based on a percentage of a school’s tuition and fees, for a school year determined by the Secretary, and shall be paid to the Commission by the date determined by the Secretary.
- C. If the monies in the Fund are insufficient to pay pending claims, the Secretary may issue a special assessment, in addition to any annual assessment, and each school shall pay the special assessment amount as determined by the Secretary.
Authority: Education Article, §§11-105(u), 11-203, and 11-210, Annotated Code of Maryland
Effective date: January 15, 2018 (45:1 Md. R. 14)
Regulation .05 amended effective November 19, 2018 (45:23 Md. R. 1071)
Regulation .06 amended effective November 19, 2018 (45:23 Md. R. 1071)
Chapter revised effective August 21, 2023 (50:16 Md. R. 727)