Legislation - HB0920

Title: Institutions of Postsecondary Education - Institutional Debt - Report
Sponsored by: Delegates Spiegel, Kaufman, Lopez, and Terrasa
Status: In the House - First Reading Appropriations
Analysis

Synopsis

Requiring institutions of postsecondary education to submit a report on institutional debt to the Maryland Higher Education Commission by October 1 each year, beginning in 2026; authorizing the Commission to assess a civil penalty, up to $10,000 per violation, against an institution for failure to submit a report or knowingly including inaccurate information in a report; and establishing certain notice and hearing procedures that the Commission must follow before assessing a civil penalty.

Committees

Original:: Appropriations

Details

Introduced in a prior session as: HB0708 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2025

Bill imposes a local government mandate, which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit

History

Legislation History
Chamber House Calendar Date 1/31/2025 Legislative Date 1/31/2025 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Institutions of Postsecondary Education - Institutional Debt - Report Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/31/2025	1/31/2025	First Reading Appropriations
			Text - First - Institutions of Postsecondary Education - Institutional Debt - Report

File Code

Subjects

Statutes