Md. Code, Public Utilities § 10-407
This is the official text of Md. Code, Public Utilities § 10-407, part of Maryland’s Code, Public Utilities — regulates utility companies.
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§10–407.
Official statutory text
(a) There is a Transportation Network Assessment Fund.
(b) The Fund consists of assessment revenues submitted to the Comptroller from transportation network companies under § 10–406(g) of this subtitle.
(c) The purpose of the Fund is to:
(1) receive assessment revenues submitted from transportation network companies; and
(2) disburse assessment revenues to the appropriate counties and municipalities in accordance with this subsection.
(d) (1) The Comptroller shall:
(i) deposit in the Fund assessment revenues received from transportation network companies; and
(ii) disburse trip assessment revenues to the appropriate counties and municipalities.
(2) The Treasurer is the custodian of the Fund.
(e) (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) No part of the Fund may revert or be credited to:
(i) the General Fund of the State; or
(ii) a special fund of the State.
(b) The Fund consists of assessment revenues submitted to the Comptroller from transportation network companies under § 10–406(g) of this subtitle.
(c) The purpose of the Fund is to:
(1) receive assessment revenues submitted from transportation network companies; and
(2) disburse assessment revenues to the appropriate counties and municipalities in accordance with this subsection.
(d) (1) The Comptroller shall:
(i) deposit in the Fund assessment revenues received from transportation network companies; and
(ii) disburse trip assessment revenues to the appropriate counties and municipalities.
(2) The Treasurer is the custodian of the Fund.
(e) (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) No part of the Fund may revert or be credited to:
(i) the General Fund of the State; or
(ii) a special fund of the State.
Status: in_force · Read it on the official government site
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