Section 3-411 - Partnership for Workforce Quality Fund. - Maryland Statutes

§ 3-411. Partnership for Workforce Quality Fund.
 

(a)  Established.- There is a Partnership for Workforce Quality Fund in the Department. 

(b)  Management.- The Secretary shall manage and supervise the Fund. 

(c)  Administration.-  

(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)  Composition.- 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)  Use of Fund.- 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)  Investment earnings.- Any investment earnings shall be credited to the Fund. 
 

[An. Code 1957, art. 83A, § 3-702.1; 2008, ch. 306, § 2.]