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§ 20-102. Duties and Board members

West's Annotated Code of MarylandEducationEffective: July 1, 2019

West's Annotated Code of Maryland
Education (Refs & Annos)
Division III. Higher Education [Titles 10-20] (Refs & Annos)
Title 20. Maryland College Savings Bond Advisory Board (Refs & Annos)
Effective: July 1, 2019
MD Code, Education, § 20-102
§ 20-102. Duties and Board members
Currentness
Recommendations and advice from Board
(a)(1) The Maryland College Savings Bond Advisory Board shall make recommendations to:
(i) The Board of Public Works regarding the need for Maryland capital appreciation general obligation bonds to help citizens save for the costs of college; and
(ii) In accordance with § 2-1257 of the State Government Article, the Governor and General Assembly on the establishment of an incentive program to encourage citizens to purchase capital appreciation general obligation bonds to finance the education of individuals at accredited institutions of postsecondary education in the State.
(2) In the event of a negotiated sale, the Maryland College Savings Bond Advisory Board shall advise the Board of Public Works regarding:
(i) Public relations and advertising needs;
(ii) Bond issuance information, including:
1. The increments in which to market the bonds;
2. The recommended maturity dates of the bonds;
3. The dollar limit that may be imposed on individual household purchases of college savings bonds; and
4. The minimum denominations in which the college savings bonds may be marketed.
Terms, compensation, and reimbursement for expenses
(b)(1) Each appointed member serves for a term of 3 years and until a successor is appointed.
(2) A member appointed to fill a vacancy in an unexpired term serves only for the remainder of that term and until a successor is appointed and qualifies.
(3) Each member of the Advisory Board:
(i) Serves without compensation; and
(ii) Is entitled to reimbursement for expenses in accordance with the Standard State Travel Regulations.1

Credits

Added by Acts 1991, c. 462, § 5, eff. July 1, 1992. Amended by Acts 1993, c. 5, § 1; Acts 1997, c. 635, § 9, eff. July 1, 1997; Acts 1997, c. 636, § 9, eff. July 1, 1997; Acts 2008, c. 36, § 6, eff. April 8, 2008; Acts 2019, c. 8, § 5.

Footnotes

1
COMAR 23.02.01.01 et seq.
MD Code, Education, § 20-102, MD EDUC § 20-102
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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