Unannotated Code of Maryland (Last Updated: May 16, 2014) |
LABOR AND EMPLOYMENT |
TITLE 8. UNEMPLOYMENT INSURANCE |
SUBTITLE 4. FUNDS |
PART III. SPECIAL ADMINISTRATIVE EXPENSE FUND |
§ 8-420. Administration
Latest version.
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(a) Duty of Secretary. -- The Secretary shall administer the Special Administrative Expense Fund.
(b) Special fund. --
(1) The State Treasurer shall keep the Special Administrative Expense Fund as a nonlapsing fund.
(2) Except as otherwise provided in this subtitle, money in the Special Administrative Expense Fund may not be transferred to any other fund.