2013 Maryland Code
ECONOMIC DEVELOPMENT
§ 3-411 - Partnership for Workforce Quality Fund

§3-411.

(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.