SB0502 (CH0393)

Find a 2018 Bill:

2018 Regular Session



University System of Maryland – Board of Regents and Quasi–Endowment Funds

Sponsored by:

Senator Smith


Approved by the Governor - Chapter 393

Synopsis:Providing that the unexpired or partial term of a member of the Board of Regents of the University System of Maryland appointed to fill a vacancy does not qualify as a full term for the purposes of the prohibition against a member serving more than 2 consecutive full terms; authorizing the Board of Regents 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 providing for the application of certain provisions.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Smith and Miller
Additional Facts:Cross-filed with: HB0871
Bill File Type: Regular
Effective Date(s): July 1, 2018
Budget and Taxation  View Committee HearingAppropriations  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
Public Corporations and Instrumentalities
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Scholarships and Student Financial Aid
State Universities and Colleges
Statutes:Article - Education
(12-102, 12-104)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

May 14, 2018 4:30 P.M.