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<section article="gho" article_name="Health Occupations" number="7-4A-03" title_number="7" title_name="Morticians and Funeral Directors" subtitle_number="4A" subtitle_name="Family Security Trust Fund">
  <level label="a">
    <text>There is a Family Security Trust Fund.</text>
  </level>
  <level label="b">
    <text>The Board shall:</text>
    <level label="1">
      <text>Administer the Fund; and</text>
    </level>
    <level label="2">
      <text>Over a reasonable period of time, build the Fund to a level of $1,000,000 and thereafter maintain the Fund at that level.</text>
    </level>
  </level>
  <level label="c">
    <text>The Fund is a special, nonlapsing fund that is not subject to § 7–302 of the State Finance and Procurement Article.</text>
  </level>
  <level label="d">
    <level label="1">
      <text>The Board shall deposit all money collected to the credit of the Fund with the State Treasurer for placement into a special account.</text>
    </level>
    <level label="2">
      <level label="i">
        <text>The State Treasurer may invest or reinvest money in the Fund in the same manner as money in the State Retirement and Pension System.</text>
      </level>
      <level label="ii">
        <text>The investment earnings shall be:</text>
        <level label="1">
          <text>Except as provided in paragraph (3) of this subsection, credited to the Fund; and</text>
        </level>
        <level label="2">
          <text>Available for the same purposes as the money deposited into the Fund.</text>
        </level>
      </level>
    </level>
    <level label="3">
      <text>If the level of the Fund exceeds $1,000,000, the State Treasurer shall pay the investment earnings of the Fund into the General Fund of the State.</text>
    </level>
  </level>
  <level label="e">
    <text>The Fund is not liable for any other expenses or obligations of the Board.</text>
  </level>
  <level label="f">
    <level label="1">
      <text>Accounting and financial reports related to the Fund shall be publicly available in a timely manner.</text>
    </level>
    <level label="2">
      <text>The Legislative Auditor shall audit the accounts and transactions of the Fund as provided in § 2–1220 of the State Government Article.</text>
    </level>
  </level>
  <level label="g">
    <level label="1">
      <text>The Board may retain the services of appropriate experts or service providers to advise about, or administer, the Fund.</text>
    </level>
    <level label="2">
      <text>The costs of the services described in paragraph (1) of this subsection shall be paid out of the Fund.</text>
    </level>
  </level>
  <level label="h">
    <text>The Board shall adopt regulations for the administration and claims procedures of the Fund.</text>
  </level>
</section>
