Current with changes from the 2024 Legislative Session
Section 13-2207 - Children's Trust Fund(a) In this section, "Fund" means the Children's Trust Fund.(b) There is a Children's Trust Fund.(c) The purpose of the Fund is to provide funding for the Child Abuse Medical Providers (Maryland CHAMP) Initiative.(d) The Department shall administer the Fund.(e) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.(f) 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) The Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.(h) The Treasurer shall invest and reinvest the money of the Fund in the same manner as other State money may be invested.(i)(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 from the Fund may be made only in accordance with the State budget.