§ 10-314. Composition; use

   (a) Composition. -- The Fund shall consist of:

   (1) the money credited to the Fund under Title 9 of this article;

   (2) income from investments that the State Treasurer makes for the Fund; and

   (3) interest on deposits or investments of money from the Fund.

(b) Use. -- The Director shall use the Fund to pay:

   (1) each award under Title 9 of this article charged against the Fund;

   (2) the amount that the Director authorizes for an expert or witness hired under § 10-310(c) of this subtitle;

   (3) other proper charges that the Director authorizes; and

   (4) whenever an employer who is self-insured in accordance with § 9-404 or § 9-405 of this article becomes insolvent, any outstanding obligations of the employer.

(c) Limit on liability. -- The liability of the Board, Director, Fund, State Treasurer, and State for all proper charges against the Fund is limited to the assets of the Fund.

HISTORY: An. Code 1957, art. 101, § 16A, 91, 94, 100; 1991, ch. 8, § 2; 1996, ch. 10, § 1; 2000, ch. 61, § 1; 2012, ch. 119.