Legislation

Title: Maryland College Investment Plan - State Contribution to Account Holders - Alterations
Sponsored by: Senator Brochin
Status: In the Senate - Hearing 2/08 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Altering the amount the State is required to contribute to account holders who make specified annual contributions to specified investment accounts in the Maryland College Investment Plan; and increasing from $7,000,000 to $14,000,000 in fiscal year 2019 and from $10,000,000 to $20,000,000 in fiscal year 2020 the amount of the appropriation the Governor is required to provide to fund specified State contributions.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2017

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 1/19/2017 Legislative Date 1/19/2017 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland College Investment Plan - State Contribution to Account Holders - Alterations Proceedings
Chamber Senate Calendar Date 1/25/2017 Legislative Date 1/25/2017 Action Hearing 2/08 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/19/2017	1/19/2017	First Reading Budget and Taxation
			Text - First - Maryland College Investment Plan - State Contribution to Account Holders - Alterations
Senate	1/25/2017	1/25/2017	Hearing 2/08 at 1:00 p.m.

File Code

Subjects

Statutes