§ 3-411

Maryland § 3-411

• Jurisdiction: Maryland
• Article gec: Economic Development
• Title: 3

Text

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

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

(c) (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) 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) 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) Any investment earnings shall be credited to the Fund.

(g) The Governor shall include in the State budget for each fiscal year an appropriation of at least $1,000,000 for the Partnership for Workforce Quality Program.