Maryland § 10-407
Full text of Maryland Maryland Code § 10-407, with citation guidance and answers to common questions.
§ 10-407.
(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.
Frequently Asked Questions About Maryland § 10-407
What does Maryland Code § 10-407 cover?
Section 10-407 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 § 10-407?
A common citation format is "Maryland Code § 10-407" (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 § 10-407 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.