HB0437 (CH0741)

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

Higher Education - University System of Maryland - Quasi-Endowment Funds

Sponsored by:

Delegate Jones

Status:

Approved by the Governor - Chapter 741


Synopsis:Authorizing the Board of Regents of the University System of Maryland to make a one-time transfer of no more than $50,000,000 from the State-supported fund balance to a quasi-endowment fund; and limiting the use of specified proceeds for facility renewal projects relating only to capital facilities used for State-supported activities.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Jones
Additional Facts:Cross-filed with: SB0202
Bill File Type: Regular
Effective Date(s): July 1, 2017
Committee(s):
Appropriations  View Committee HearingBudget and Taxation
Broad Subject(s):Higher Education
Narrow Subject(s):Construction
Public Buildings and Facilities -see also- Stadiums; St Hse
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
State Universities and Colleges
Statutes:Article - Education
(12-104)

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June 7, 2017 9:52 A.M.