Veteran Employment and Transition Success Fund

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    // EFFECTIVE UNTIL SEPTEMBER 30, 2022 PER CHAPTER 786 OF 2018 //

    (a)    There is a Veteran Employment and Transition Success Fund.

    (b)    The purpose of the Fund is to provide grants to transitioning veterans seeking a certification, license, or registration under the Health Occupations Article.

    (c)    The Secretary shall administer the Fund.

    (d)    Subject to the availability of money in the Fund, the Program may provide an eligible individual a grant.

    (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)    money appropriated in the State budget to the Fund; and

        (2)    any other money from any other source accepted for the benefit of the Fund.

    (g)    (1)    The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.

        (2)    Interest earnings of the Fund shall be credited to the Fund.

    (h)    Expenditures from the Fund may be made only in accordance with the State budget.


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