HOUSE BILL 486

Sponsored By:

Delegates Barve, Gordon, and Kagan

Entitled:

Charitable Gift Annuities - Issuance of Special Permits - Qualifications of Educational or Religious Organizations

Synopsis:

Altering the qualifications of an educational or religious organization to which the Maryland Insurance Commissioner may issue a special permit to make agreements for annuity payments with donors to require that the organization be engaged in bona fide educational or religious activities rather than solely engaged in bona fide educational or religious activities.

History by Legislative Date

House Action

2/10

First Reading Economic Matters

2/17

Hearing 3/11 at 1:00 p.m.

3/23

Favorable Report by Economic Matters

Favorable Report Adopted

Second Reading Passed

3/24

Third Reading Passed (134-3)

4/4

Return Passed

5/27

Governor vetoed - Cross-filed bill was signed

Senate Action

3/25

First Reading Finance

3/26

Hearing 4/1 at 1:00 p.m.

4/5

Favorable Report by Finance

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (46-0)

Sponsored by:

Delegate Kumar P. Barve, District 17

Delegate Michael R. Gordon, District 17

Delegate Cheryl C. Kagan, District 17

Bill indexed under the following Subjects:

EDUCATION -see also- PUBLIC SCHOOLS; SPECIAL ED.; HIGHER ED.

GIFTS

INSURANCE ADMINISTRATION

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

LICENSES -see also- ALC. BEVERAGES LIC; DRIVERS' LIC

NONPROFIT ORGANIZATIONS

RELIGION -see also- CHURCHES

Bill affects the following Statute:

Insurance

( 16-114 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

House

March 24, 1999: Third Reading Passed (134-3)

Senate

April 6, 1999: Third Reading Passed (46-0)