§ 3-411. Partnership for Workforce Quality Fund

   (a) Established. -- There is a Partnership for Workforce Quality Fund in the Department.

(b) Management. -- The Secretary shall manage and supervise the Fund.

(c) Administration. --

   (1) The Fund is a special, nonlapsing fund that is not subject to reversion under § 7-302 of the State Finance and Procurement Article.

   (2) The Treasurer shall hold the Fund separately and the Comptroller shall account for the Fund.

(d) Composition. -- The Fund consists of:

   (1) money appropriated by the State to the Fund;

   (2) money made available to the Fund through federal programs;

   (3) private contributions to the Fund;

   (4) an application or other fee paid to the Program in connection with processing a request for financial assistance; and

   (5) any other money made available to the Fund.

(e) Use of Fund. -- The Department may use money in the Fund for:

   (1) grants to defray the cost of workforce training; and

   (2) administrative, actuarial, legal, and technical services for the Program.

(f) Investment earnings. -- Any investment earnings shall be credited to the Fund.

HISTORY: An. Code 1957, art. 83A, § 3-702.1; 2008, ch. 306, § 2.