<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".04" citation="COMAR 10.29.15.04" title_num="10" subtitle_num="29" chapter_num="15" heading="The Family Security Trust Fund.">
  <paragraph num="A.">
    <text>The Board shall:</text>
    <paragraph num="(1)">
      <text>Collect the mandatory contributions;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Deposit the funds;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Track interest; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Process claims for loss that occurred on or after January 1, 2010.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>All fees shall be deposited with the State Treasurer into a separate account known as the Family Security Trust Fund. The Fund may not be transferred to or revert to the General Fund of the State.</text>
  </paragraph>
  <paragraph num="C.">
    <text>All moneys deposited in the Fund shall be used only for the purposes expressly authorized by Health Occupations Article, §7-04A-05, Annotated Code of Maryland.</text>
  </paragraph>
  <paragraph num="D.">
    <text>The Fund shall accumulate interest income which shall be credited to the Fund.</text>
  </paragraph>
  <paragraph num="E.">
    <text>Once the Fund has accumulated a balance of $1,000,000 the Board shall cease to collect the annual fee.</text>
  </paragraph>
  <paragraph num="F.">
    <text>If the Fund falls below $1,000,000, the Board shall reinstate a fee up to $375 to be assessed by the Board.</text>
  </paragraph>
  <paragraph num="G.">
    <text>The Fund shall be maintained at $1,000,000 principal level plus interest.</text>
  </paragraph>
  <paragraph num="H.">
    <text>The Board may expend monies in the Fund for the following purposes:</text>
    <paragraph num="(1)">
      <text>To make reimbursements on approved claims; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>To pay the expenses of the Board for administering the Fund, including appropriate experts, or legal counsel, accountants, consultants, and agents.</text>
    </paragraph>
  </paragraph>
</regulation>