Legislation

Title: Maryland College Investment Plan - State Contribution Incentives
Sponsored by: Delegates Queen, Charkoudian, D.M. Davis, Hettleman, Lierman, Lopez, Mosby, Patterson, and Shetty
Status: In the House - Hearing 2/25 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Requiring the State Treasurer to make a $100 deposit into an omnibus account for each child born or adopted in the State on or after January 1, 2022; requiring the Maryland 529 Board to administer and manage the omnibus account and to adopt certain procedures to carry out the Act; requiring the State Treasurer, the Maryland Department of Health, the Department of Human Services, and the Board to exchange certain information to carry out the Act; etc.

Committees

Original:: Appropriations Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): October 1, 2020

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber House Calendar Date 1/29/2020 Legislative Date 1/29/2020 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland College Investment Plan - State Contribution Incentives Proceedings
Chamber House Calendar Date 1/31/2020 Legislative Date 1/31/2020 Action Hearing 2/25 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/29/2020	1/29/2020	First Reading Appropriations
			Text - First - Maryland College Investment Plan - State Contribution Incentives
House	1/31/2020	1/31/2020	Hearing 2/25 at 1:00 p.m.

File Code

Subjects

Statutes