Md. Code, Human Services § 7-614
This is the official text of Md. Code, Human Services § 7-614, part of Maryland’s Code, Human Services — governs state social service programs.
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§7–614.
Official statutory text
(a) The Fund consists of:
(1) premiums and fees charged for the guarantees of loans or the subsidies of loan interest;
(2) income from investment earnings;
(3) proceeds from the sale, disposition, lease, or rental of collateral relating to the guarantees of loans or subsidies of loan interest;
(4) money appropriated by the State to the Fund; and
(5) any other money made available to the Fund.
(b) The Fund shall be used to pay:
(1) guaranty payments required by loan defaults;
(2) subsidies of loan interest;
(3) expenses for administrative, legal, actuarial, technical assistance, and other services; and
(4) any other expenses and disbursements that the Board authorizes for administering the Fund and financing the guarantees of loans and the subsidies of loan interest for the purchase of assistive technology.
(1) premiums and fees charged for the guarantees of loans or the subsidies of loan interest;
(2) income from investment earnings;
(3) proceeds from the sale, disposition, lease, or rental of collateral relating to the guarantees of loans or subsidies of loan interest;
(4) money appropriated by the State to the Fund; and
(5) any other money made available to the Fund.
(b) The Fund shall be used to pay:
(1) guaranty payments required by loan defaults;
(2) subsidies of loan interest;
(3) expenses for administrative, legal, actuarial, technical assistance, and other services; and
(4) any other expenses and disbursements that the Board authorizes for administering the Fund and financing the guarantees of loans and the subsidies of loan interest for the purchase of assistive technology.
Status: in_force · Read it on the official government site
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