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2016 Regular Session



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

Sponsored by:

Senator King


In the House - Hearing 3/29 at 1:00 p.m.

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 to specified purposes.
Analysis:Fiscal and Policy Note
All Sponsors:Senators King, Currie, DeGrange, Ferguson, Guzzone, Manno, McFadden, and Peters
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2016
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.
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
State Universities and Colleges
Statutes:Article - Education

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October 24, 2017 5:09 P.M.