Current with changes from the 2024 Legislative Session
Section 10-407 - Transportation Network Assessment Fund(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.Added by 2015 Md. Laws, Ch. 204, Sec. 1, eff. 7/1/2015.