SENATE BILL 588

Sponsored By:

Senator Neall

Entitled:

Maryland Health and Higher Educational Facilities Authority - Community Colleges - Tax Exempt Financing

Synopsis:

Modifying the term "institution for higher education" under the Maryland Health and Higher Educational Facilities Authority (MHHEFA) Act to include specified community colleges; authorizing the boards of trustees of community colleges to finance or refinance the costs of specified projects by entering into agreements with MHHEFA; providing that the principal amount of a note, the interest payable on the note, the transfer of the note, and any income derived from the transfer of the note are exempt from taxation by specified entities; etc.

History by Legislative Date

Senate Action

2/2

First Reading Budget and Taxation

2/7

Hearing 2/21 at 1:30 p.m.

3/6

Favorable Report by Budget and Taxation

3/7

Favorable Report Adopted

Second Reading Passed

3/9

Third Reading Passed (45-0)

4/2

Returned Passed

4/20

Signed by the Governor Chapter 165

House Action

3/12

First Reading Ways and Means

3/14

Hearing 3/27 at 1:00 p.m.

3/15

Hearing cancelled

Re-assigned Appropriations

3/21

Hearing 3/29 at 1:00 p.m.

4/4

Favorable Report by Appropriations

3/30

Favorable Report Adopted

Second Reading Passed

3/31

Third Reading Passed (139-0)

Bill indexed under the following Subjects:

BONDS -see also- COUNTY & BALTIMORE CITY BONDS; STATE BONDS.

COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES

COMMUNITY COLLEGES

COMPTROLLER

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

EXEMPTIONS

HEALTH AND HIGHER EDUCATIONAL FACILITIES AUTHORITY

HIGHER EDUCATION -see also- COMM COLLEGES; MED SCHOOLS; etc.

LOANS -see also- MORTGAGES

PUBLIC BUILDINGS AND FACILITIES -see also- STADIUMS; ST HSE.

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

Bill affects the following Statutes:

Education

( 16-302.1 )

Article - 43C Maryland Health and Higher Educational Facilities Authority

( 3 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

March 9, 2001: Third Reading Passed (45-0)

House

March 31, 2001: Third Reading Passed (139-0)