§ 15-142. Fair Share Health Care Fund

   (a) "Fund" defined. -- In this section, "Fund" means the Fair Share Health Care Fund.

(b) Creation. -- There is a Fair Share Health Care Fund.

(c) Purpose. -- The purpose of the Fund is to support the operations of the Program.

(d) Status; management. --

   (1) The Fund is a special, nonlapsing fund that is not subject to § 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.

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

   (1) Any revenue received from payments made by employers under Title 8.5 of the Labor and Employment Article; and

   (2) Any other money from any other source accepted for the benefit of the Fund.

(f) Use. -- The Fund may be used only to support the operations of the Program.

(g) Investment and earnings. --

   (1) The Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.

   (2) Any investment earnings of the Fund shall be retained to the credit of the Fund.

(h) Audit. -- The Fund shall be subject to an audit by the Office of Legislative Audits as provided for in § 2-1220 of the State Government Article.

HISTORY: 2006, chs. 1, 3.