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| 1 | | (b) All moneys paid into the Fund together with all |
| 2 | | accumulated undistributed income shall be held as a special |
| 3 | | fund in the State treasury. Moneys deposited into the Fund |
| 4 | | shall be used solely for the purpose of providing restitution |
| 5 | | to those who have suffered monetary loss arising out of an |
| 6 | | escrow transaction related to a gestational surrogacy contract |
| 7 | | regulated under this Act. |
| 8 | | (c) The Fund shall be applied only to restitution ordered |
| 9 | | by the Director of Public Health. Restitution may not exceed |
| 10 | | the amount actually lost. The Fund may not be used for the |
| 11 | | payment of attorney's fees or other fees. |
| 12 | | (d) The Fund shall be subrogated to the amount of the |
| 13 | | restitution, and the Director shall request the Attorney |
| 14 | | General to engage in all reasonable collection steps to |
| 15 | | collect restitution from the party responsible for the loss |
| 16 | | and reimburse the Fund. |
| 17 | | (e) Notwithstanding any other provisions of this Section, |
| 18 | | the payment of restitution from the Fund shall be a matter of |
| 19 | | grace and not of right, and no person shall have any vested |
| 20 | | rights in the Fund as a beneficiary or otherwise. Before |
| 21 | | seeking restitution from the Fund, the person or beneficiary |
| 22 | | shall apply for restitution on a form provided by the |
| 23 | | Director. The form shall include any information the Director |
| 24 | | may reasonably require to determine that restitution is |
| 25 | | appropriate. |
| 26 | | (f) Any person who suffered a monetary loss that would |
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| 1 | | qualify them for restitution under this Section on or after |
| 2 | | January 1, 2023 may apply for restitution. |
| 3 | | (g) Every entity in the State engaged in escrow |
| 4 | | transactions as required by this Act shall be assessed an |
| 5 | | annual fee of $1,000. These fees shall be collected by the |
| 6 | | Department of Public Health on or before June 30, 2026, and |
| 7 | | every June 30 thereafter. |
| 8 | | (h) If the Director orders restitution in an amount |
| 9 | | greater than the remaining balance of the Fund, payment may be |
| 10 | | delayed until the balance of the Fund becomes sufficient to |
| 11 | | dispense the restitution ordered. Alternatively, at the |
| 12 | | Director's discretion, a special fee may be assessed on each |
| 13 | | entity engaging in escrow transactions regulated by this Act, |
| 14 | | with each entity being assessed a percentage of the total |
| 15 | | restitution ordered in an amount equal to the percentage of |
| 16 | | escrow funds each entity handled in the previous calendar |
| 17 | | year.". |