Maryland § 24-1902
Full text of Maryland Maryland Code § 24-1902, with citation guidance and answers to common questions.
§ 24-1902.
(a) (1) There is a Maryland Loan Assistance Repayment Program Fund for Nurses and Nursing Support Staff.
(2) The Fund is a continuing, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.
(3) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
(4) The Fund shall be invested and reinvested in the same manner as other State funds.
(5) Any investment earnings of the Fund shall be paid into the Fund.
(b) The Fund consists of:
(1) Revenue generated through a permanent funding structure recommended to the General Assembly by a stakeholder workgroup convened by the Department;
(2) Any available federal funds;
(3) Interest earnings; and
(4) Any other money from any other source accepted for the benefit of the Fund.
(c) Expenditures from the Fund shall be made by an appropriation in the annual State budget or by an approved budget amendment as provided under § 7–209 of the State Finance and Procurement Article.
(d) The money in the Fund shall be used by the Office of the Comptroller to administer the Program.
Frequently Asked Questions About Maryland § 24-1902
What does Maryland Code § 24-1902 cover?
Section 24-1902 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 § 24-1902?
A common citation format is "Maryland Code § 24-1902" (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 § 24-1902 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.