MD SB426 | 2023 | Regular Session

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 6-2)
Status: Passed on May 16 2023 - 100% progression
Action: 2023-05-16 - Approved by the Governor - Chapter 735
Text: Latest bill text (Chaptered) [PDF]

Summary

Authorizing the Board of Regents of the University System of Maryland to make transfers of not more than $150,000,000 subject to certain conditions to establish quasi-endowment funds; and authorizing the Board to use investment income produced by quasi-endowment funds in accordance with the University System of Maryland Policy on Endowment Fund Spending Rule to provide need-based student financial aid.

Tracking Information

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Title

University System of Maryland - Board of Regents - Quasi-Endowment Funds

Sponsors


Roll Calls

2023-04-10 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2023-04-06 - House - Third Reading Passed (Y: 132 N: 5 NV: 1 Abs: 2) [PASS]
2023-03-13 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2023-05-16SenateApproved by the Governor - Chapter 735
2023-04-10SenatePassed Enrolled
2023-04-10SenateThird Reading Passed (47-0)
2023-04-10SenateSenate Concurs House Amendments
2023-04-06HouseThird Reading Passed (132-5)
2023-04-06HouseSecond Reading Passed with Amendments
2023-04-06HouseFavorable with Amendments {963525/1 Adopted
2023-04-06HouseFavorable with Amendments Report by Appropriations
2023-03-26HouseHearing 3/30 at 1:00 p.m.
2023-03-26HouseHearing canceled
2023-03-22HouseHearing 3/28 at 1:00 p.m.
2023-03-14HouseReferred Appropriations
2023-03-13SenateThird Reading Passed (47-0)
2023-03-09SenateSecond Reading Passed with Amendments
2023-03-09SenateFavorable with Amendments {633224/1 Adopted
2023-03-08SenateFavorable with Amendments Report by Budget and Taxation
2023-02-02SenateHearing 2/22 at 1:00 p.m.
2023-02-02SenateFirst Reading Budget and Taxation

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Education12104(n/a)See Bill Text

Maryland State Sources

TypeSource
Summaryhttps://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0426?ys=2023RS
Texthttps://mgaleg.maryland.gov/2023RS/bills/sb/sb0426f.pdf
Texthttps://mgaleg.maryland.gov/2023RS/bills/sb/sb0426t.pdf
Texthttps://mgaleg.maryland.gov/2023RS/bills/sb/sb0426e.pdf
Texthttps://mgaleg.maryland.gov/2023RS/Chapters_noln/CH_735_sb0426e.pdf
Amendmenthttps://mgaleg.maryland.gov/2023RS/amds/bil_0006/sb0426_63322401.pdf
Amendmenthttps://mgaleg.maryland.gov/2023RS/amds/bil_0006/sb0426_96352501.pdf
Supplementhttps://mgaleg.maryland.gov/2023RS/votes_comm/sb0426_b&t.pdf
Supplementhttps://mgaleg.maryland.gov/2023RS/votes_comm/sb0426_app.pdf
Roll Callhttps://mgaleg.maryland.gov/2023RS/votes/Senate/0388.pdf
Roll Callhttps://mgaleg.maryland.gov/2023RS/votes/House/1139.pdf
Roll Callhttps://mgaleg.maryland.gov/2023RS/votes/Senate/1222.pdf

Bill Comments

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