Md. Code, PUC § 10-407

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.

Md. Code, PUC § 10-407

Added by 2015 Md. Laws, Ch. 204, Sec. 1, eff. 7/1/2015.