Legislation - SB0628

Title: Institutions of Postsecondary Education – Institutional Debt – Report
Sponsored by: Senator Kramer
Status: In the Senate - Hearing 3/11 at 1:00 p.m.
Analysis: Fiscal and Policy Note

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 2027; 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:: Education, Energy, and the Environment Click to view Recorded Media

Details

Cross-filed with: HB0877

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber Senate Calendar Date 2/05/2026 Legislative Date 2/05/2026 Action First Reading Education, Energy, and the Environment Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Institutions of Postsecondary Education – Institutional Debt – Report Proceedings
Chamber Senate Calendar Date 2/10/2026 Legislative Date 2/10/2026 Action Hearing 3/11 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/05/2026	2/05/2026	First Reading Education, Energy, and the Environment
			Text - First - Institutions of Postsecondary Education – Institutional Debt – Report
Senate	2/10/2026	2/10/2026	Hearing 3/11 at 1:00 p.m.

File Code

Subjects

Statutes