Bill > H1453

This bill establishes the Caregiver to Adults with Disabilities Fund within the Board of Higher Education, which will provide financial support to help caregivers of adults with disabilities pursue higher education. The fund will be financed through state appropriations, interest earnings, public and private donations, and gifts, with all money dedicated to subsidizing tuition and fees for community college courses. The Board of Higher Education will manage the fund, ensuring that it can be used without additional legislative appropriation and that any unused funds will roll over to subsequent fiscal years. The board is required to submit an annual report by December 1st detailing the fund's financial activities, including amounts credited, expended, and remaining in the fund. Additionally, the bill mandates that the state comptroller transfer $4,125,000 from the General Fund to this new fund within 14 days of the act's effective date. The Board of Higher Education is also tasked with creating regulations to implement the fund's purpose of supporting educational opportunities for caregivers of adults with disabilities.

Budget and Finance, Education

https://malegislature.gov/Bills/194/H1453