summary
Introduced
02/01/2023
02/01/2023
In Committee
02/01/2023
02/01/2023
Crossed Over
Passed
Dead
04/10/2023
04/10/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT concerning Institutions of Postsecondary Education - Institutional Debt - Report FOR the purpose of requiring institutions of postsecondary education to submit a report on institutional debt to the Maryland Higher Education Commission each year; authorizing the Commission to assess a civil penalty against an institution for failure to submit a report or knowingly including inaccurate information in a report; establishing certain notice, appeal, and hearing procedures before a civil penalty may be assessed against an institution; and generally relating to institutional debt reporting by institutions of postsecondary education. BY adding to Article - Education Section 11-212 Annotated Code of Maryland (2022 Replacement Volume)
AI Summary
This bill requires institutions of postsecondary education in Maryland to submit an annual report to the Maryland Higher Education Commission on institutional debt, which includes student debt owed to the institution. The report must provide detailed information on the total amount of institutional debt, the demographics of students with debt, debt collection practices, and administrative holds placed on student accounts. The Commission can assess a civil penalty of up to $10,000 against an institution that fails to submit the report or knowingly includes inaccurate information. The bill also establishes procedures for the institution to appeal any penalties. The purpose of this bill is to increase transparency and accountability around institutional debt in Maryland's postsecondary education system.
Committee Categories
Budget and Finance
Sponsors (12)
Lesley Lopez (D)*,
Jessica Feldmark (D),
Mike Griffith (R),
Kevin Harris (D),
Aaron Kaufman (D),
Cheryl Pasteur (D),
Pam Queen (D),
Mike Rogers (D),
Sheila Ruth (D),
Vaughn Stewart (D),
Jen Terrasa (D),
Joe Vogel (D),
Last Action
House Appropriations Hearing (13:00:00 3/7/2023 ) (on 03/07/2023)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0522?ys=2023RS |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0522f.pdf |
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