University System of Maryland - Board of Regents - Quasi-Endowment Funds
Sponsor: Nancy J. King (District 39)Committee: Budget and TaxationSubject: Higher EducationStatus: Approved by the Governor - Chapter 735 (as of Nov 9, 2023)
What this bill does
Official synopsis
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.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
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.
Testimony (16)
MGA witness listFAV 14FavorableUNF 2Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Stern, Ross | UMD | Oral |
| FAV | Acton, Brian | University System of Maryland | Oral |
| FAV | Denson, Celeste | University System of Maryland | Oral |
| FAV | Denson, Celeste | University System of Maryland | Oral + Written (PDF) |
| FAV | Hogan, Patricklobbyist | University System of Maryland | Oral |
| FAV | Hogan, Patricklobbyist | University System of Maryland | Oral + Written (PDF) |
| FAV | Clark, Andy | Individual | Written (PDF) |
| FAV | King, Senator Nancy | Individual | Written (PDF) |
| FAV | King, Senator Nancy | Individual | Written (PDF) |
| FAV | King, Senator Nancy | Individual | Written (PDF) |
| FAV | Nancy King, Senator | Individual | Written (PDF) |
| FAV | Senator King, Senator Kinglegislator | Individual | Oral |
| FAV | Senator King, Senator Kinglegislator | Individual | Oral |
| FAV | Senator King, Senator Kinglegislator | Individual | Oral |
| UNF | Duffy, Suzanne | Concerned Citizen | Position only |
| UNF | Fink, Nelda | Individual | Position only |
Organizations on record
Registered lobbyists who testified
FAVHogan, PatrickUniversity System of MarylandRegistered for: ALS Association, The; Adobe Inc.; Amgen, Inc.; Annie E. Casey Foundation, Inc., The; AstraZeneca Pharmaceuticals, LP; Capital One…
FAVHogan, PatrickUniversity System of MarylandRegistered for: ALS Association, The; Adobe Inc.; Amgen, Inc.; Annie E. Casey Foundation, Inc., The; AstraZeneca Pharmaceuticals, LP; Capital One…