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House Gives Tentative Nod to $50 Million Transfer from IWIF

Friday, March 23, 2012 | 0

By Michael Whiteley, Eastern Bureau ChiefThe Maryland House tentatively voted on Thursday to transfer at least $50 million from the Injured Workers' Insurance Fund (IWIF) to the state general revenue, as part of a legislation package opponents warn could eventually allow Gov. Martin O'Malley to take nearly half of the 98-year-old carrier's surplus.After voting down three amendments filed by Republicans that would limit transfers from the state-run carrier, the House tentatively approved Senate Bill 152, the General Assembly's version of the Budget Reconciliation and Financing A...

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