§ 10-407

Maryland § 10-407

• Jurisdiction: Maryland
• Article gpu: Public Utilities
• Title: 10

Text

(a) There is a Transportation Network Assessment Fund.

(b) The Fund consists of assessment revenues submitted to the Comptroller from transportation network companies under § 10–406(g) of this subtitle.

(c) The purpose of the Fund is to:

(1) receive assessment revenues submitted from transportation network companies; and

(2) disburse assessment revenues to the appropriate counties and municipalities in accordance with this subsection.

(d) (1) The Comptroller shall:

(i) deposit in the Fund assessment revenues received from transportation network companies; and

(ii) disburse trip assessment revenues to the appropriate counties and municipalities.

(2) The Treasurer is the custodian of the Fund.

(e) (1) The Fund is a continuing, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article, and may not be deemed a part of the General Fund of the State.

(2) No part of the Fund may revert or be credited to:

(i) the General Fund of the State; or

(ii) a special fund of the State.