Section 21-301 - Funds of several systems. - Maryland Statutes

§ 21-301. Funds of several systems.
 

(a)  Established.- In each State system, there is: 

(1) an accumulation fund; 

(2) an annuity savings fund; and 

(3) an expense fund. 

(b)  Credits to the funds.- The Board of Trustees shall credit the assets of each State system to the appropriate fund of the State system according to the purpose for which the assets are held. 
 

[An. Code 1957, art. 73B, § 1-301; 1994, ch. 6, § 2.]