Section 13-2207 - Children's Trust Fund.
§ 13-2207. Children's Trust Fund.
(a) "Fund" defined.- In this section, "Fund" means the Children's Trust Fund.
(b) Established.- There is a Children's Trust Fund.
(c) Purpose.- The purpose of the Fund is to provide funding for the Child Abuse Medical Providers (Maryland CHAMP) Initiative.
(d) Administration.- The Department shall administer the Fund.
(e) Status.- The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(f) Composition.- The Fund consists of:
(1) Fees distributed to the Fund from the issuance of commemorative birth certificates under § 4-217(a)(3) of this article;
(2) Money appropriated in the State budget to the Fund; and
(3) Any other money from any other source accepted for the benefit of the Fund.
(g) Management.- The Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
(h) Investments.- The Treasurer shall invest and reinvest the money of the Fund in the same manner as other State money may be invested.
(i) Payments; certain reversions of credits prohibited.-
(1) The Comptroller shall pay out money from the Fund as directed by the Secretary.
(2) No part of the Fund may revert or be credited to:
(i) The General Fund of the State; or
(ii) Any other special fund of the State.
(j) Expenditures.- Expenditures from the Fund may be made only in accordance with the State budget.
[2006, ch. 80; 2008, ch. 36, § 6; ch. 91.]