View Our Newest Version Here

2021 Maryland Statutes
Public Utilities
Division I - Public Services and Utilities
Title 10 - For-Hire Driving Services
Subtitle 4 - Transportation Network Company Services
Section 10-407 - Transportation Network Assessment Fund

Universal Citation:
MD. Public Utilities Code Ann. § 10-407 (2021)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

    (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.

Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.