Section 18-3703 – Adoption of Regulations
** TAKES EFFECT JULY 1, 2022 PER CHAPTER 59 OF 2021 ** (a) The Office shall adopt regulations to carry out this subtitle. (b) The regulations shall include a limit on the total amount of assistance provided by the Office in repaying the loan of an eligible individual, based on the individual’s total income and outstanding higher […]
Section 19-107 – Purpose and Nature of Powers Under Title; Exemption From Taxes
(a) The exercise of the powers granted by the provisions of this title shall be for the benefit of the people of the State, for the increase of their education and prosperity, and for the improvement of their health, living conditions, and general welfare. (b) The operation and maintenance of auxiliary or academic facilities by a system […]
Section 18-3704 – Annual Budget Appropriation
** TAKES EFFECT JULY 1, 2022 PER CHAPTER 59 OF 2021 ** The Governor shall include an annual appropriation of at least $1,500,000 in the State budget for the Program.
Section 19-108 – Refunding Bonds
(a) A system may provide by resolution for the issuance of bonds for the purpose of refunding any bonds or refunding bonds then outstanding including the payment of any redemption premium and any interest accrued or to accrue to the date of redemption of the bonds and any issuance costs of refunding bonds. (b) The provisions of […]
Section 18-3705 – Annual Report on Implementation
** TAKES EFFECT JULY 1, 2022 PER CHAPTER 59 OF 2021 ** Subject to § 2–1257 of the State Government Article, the Office shall report to the General Assembly by January 1 each year on the implementation of the Program.
Section 19-109 – Bonds as Securities
(a) Bonds issued under the provisions of this title are securities in which all of the following may legally and properly invest funds, including capital in their control or belonging to them: (1) Public officers and public agencies of the State and its political subdivisions; (2) Banks, trust companies, savings and loan associations, investment companies, and others carrying […]
Section 18-3801 – Definitions
** TAKES EFFECT JULY 1, 2022 PER CHAPTER 59 OF 2021 ** (a) In this subtitle the following words have the meanings indicated. (b) “Eligible institution” means a public senior higher education institution in the State. (c) “Police officer” has the meaning stated in § 3–201 of the Public Safety Article. (d) “Service obligation” means to work as a […]
Section 19-110 – Title to Property; Use of State Lands
(a) The title to any property acquired or constructed under the provisions of this title shall be in the State of Maryland for the use of a system. (b) The State consents to the use of any lands owned by it for the use of a system which may be suitable and necessary for the construction or […]
Section 18-3802 – Maryland Police Officers Scholarship Program — Purpose — Publicizing Availablity
** TAKES EFFECT JULY 1, 2022 PER CHAPTER 59 OF 2021 ** (a) There is a Maryland Police Officers Scholarship Program. (b) The purpose of the program is to provide tuition assistance for students: (1) Attending a degree program that would further the student’s career in law enforcement at an eligible institution with the intent to be a […]
Section 18-3803 – Annual Scholarship Offers — Recipients — Eligibility of Officers
** TAKES EFFECT JULY 1, 2022 PER CHAPTER 59 OF 2021 ** (a) The Office shall annually select eligible students and offer a scholarship to each student selected to be used at an eligible institution of the student’s choice. (b) A recipient of the Maryland Police Officers Scholarship shall: (1) Be a Maryland resident or have graduated from […]