Passed BothConf. Cmte
- Maryland College Investment Plan - State Contribution to Account Holders - Alterations
- Sponsored by
- Senator Brochin
- In the Senate - Hearing 2/08 at 1:00 p.m.
- Fiscal and Policy Note
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.
Bill File Type: Regular
Effective Date(s): July 1, 2017
Bill imposes a mandated appropriation in the annual State Budget Bill
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( 18-19A-01, 18-19A-04.1 )
Last Updated: 2/3/2020 2:33 PM