University System of Maryland – Board of Regents and Quasi–Endowment Funds
What this bill does
Providing that the unexpired or partial term of a member of the Board of Regents of the University System of Maryland appointed to fill a vacancy does not qualify as a full term for the purposes of the prohibition against a member serving more than 2 consecutive full terms; authorizing the Board of Regents to make a one-time transfer of up to $25,000,000 from the non-State supported fund balance to a quasi-endowment fund; limiting the use of certain proceeds to certain purposes; and providing for the application of certain provisions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.