HB0871 (CH0392)

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

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

Sponsored by:

Delegate Jones

Status:

Approved by the Governor - Chapter 392


Synopsis:Authorizing the Board of Regents of the University System of Maryland to make a one-time transfer of up to $25,000,000 from the non-State supported fund balance to a quasi-endowment fund; limiting the use of certain proceeds to certain purposes; and stating the intent of the General Assembly for the source of a certain transfer.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Jones, Brooks, Ciliberti, Frick, Gaines, Gilchrist, Haynes, Hettleman, Hixson, C. Howard, Jalisi, Lam, Luedtke, Pendergrass, Sophocleus, Stein, Wilkins, and P. Young
Additional Facts:Cross-filed with: SB0502
Bill File Type: Regular
Effective Date(s): July 1, 2018
Committee(s):
Appropriations  View Committee HearingBudget and Taxation  View Committee Hearing
Broad Subject(s):Higher Education
Narrow Subject(s):Committees and Commissions -see also- Political Committees
Higher Education -see also- Comm Colleges; Med Schools; etc.
Investments -see also- Securities
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Scholarships and Student Financial Aid
State Universities and Colleges
Statutes:Article - Education
(12-104)

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May 14, 2018 4:30 P.M.