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2017 Regular Session



Maryland College Investment Plan - State Contribution to Account Holders - Alterations

Sponsored by:

Senator Brochin


In the Senate - Hearing 2/08 at 1:00 p.m.

Synopsis:Altering the amount the State is required to contribute to account holders who make specified annual contributions to specified investment accounts in the Maryland College Investment Plan; and increasing from $7,000,000 to $14,000,000 in fiscal year 2019 and from $10,000,000 to $20,000,000 in fiscal year 2020 the amount of the appropriation the Governor is required to provide to fund specified State contributions.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Brochin
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2017
Bill imposes a mandated appropriation in the annual State Budget Bill
Budget and Taxation  View Committee Hearing
Broad Subject(s):Higher Education
Taxes - Income
Narrow Subject(s):Appropriations
Higher Education -see also- Comm Colleges; Med Schools; etc.
Investments -see also- Securities
Scholarships and Student Financial Aid
Statutes:Article - Education
(18-19A-01, 18-19A-04.1)

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November 28, 2017 1:09 P.M.