Section 13-2207 - Children's Trust Fund. - Maryland Statutes

§ 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.]