Maryland § 10-405
Full text of Maryland Maryland Code § 10-405, with citation guidance and answers to common questions.
§ 10-405.
(a) In this section, “Fund” means the Continuing Care Fund.
(b) There is a Continuing Care Fund.
(c) The purpose of the Fund is to defray the costs of administering this subtitle.
(d) The Department of Aging shall administer the Fund.
(e) (1) The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
(f) The Fund consists of:
(1) all fees collected under this subtitle;
(2) money appropriated in the State budget to the Fund;
(3) investment earnings of the Fund; and
(4) any other money from any other source accepted for the benefit of the Fund.
(g) The Fund may be used only for the purposes specified in this subtitle.
(h) (1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any investment earnings of the Fund shall be paid into the Fund.
(i) Expenditures from the Fund may be made only in accordance with the State budget.
(j) Money expended from the Fund for administering this subtitle is supplemental to and is not intended to take the place of funding that otherwise would be appropriated for administering this subtitle.
Frequently Asked Questions About Maryland § 10-405
What does Maryland Code § 10-405 cover?
Section 10-405 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-405?
A common citation format is "Maryland Code § 10-405" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.