SB0213

Find a 2017 Bill:

2017 Regular Session

 

Entitled:

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

Sponsored by:

Senator Brochin

Status:

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
Committee(s):
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)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


February 9, 2017 11:34 A.M.