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§ 10-407. Transportation Network Assessment Fund.

MD Pub Util Code § 10-407 (2019) (N/A)
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(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.

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§ 10-406. Imposition of tax, fee, charge, or assessment; procedural requirements and enforcement.
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