HOUSE BILL 262

Sponsored By:

Delegates Rosenberg and James

Entitled:

Optional Retirement Program - Supplemental Annuities

Synopsis:

Clarifying the authority of higher education institutions to invest supplemental retirement plan funds and administer supplemental retirement plans under the Internal Revenue Code; providing higher education institutions with indemnification by the State; and providing for the application of the Act.

History by Legislative Date

House Action

1/30

First Reading Appropriations

2/3

Hearing 2/12 at 11:00 a.m.

3/10

Favorable Report by Appropriations

3/11

Favorable Report Adopted

Second Reading Passed

3/13

Third Reading Passed (139-0)

3/31

Returned Passed

5/22

Governor vetoed - Cross-filed bill was signed

Senate Action

3/14

First Reading Budget and Taxation

4/2

Favorable Report by Budget and Taxation

3/31

Favorable Report Adopted

Second Reading Passed

4/1

Third Reading Passed (43-0)

Sponsored by:

Delegate Samuel I. Rosenberg, District 41

Delegate Mary-Dulany James, District 34A

Bill indexed under the following Subjects:

CIVIL ACTIONS -see also- SMALL CLAIMS

CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.

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

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

INVESTMENTS -see also- SECURITIES

LIABILITY -see also- GOOD SAMARITAN

RETIREMENT SYSTEMS -see also- MANDATORY RETIREMENT

SOVEREIGN IMMUNITY

STATE EMPLOYEES

STATE UNIVERSITIES AND COLLEGES

Bill affects the following Statutes:

State Personnel and Pensions

( 30-101 , 30-101 , 30-210 , 30-210.1 )

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 13, 2003: Third Reading Passed (139-0)

Senate

April 1, 2003: Third Reading Passed (43-0)