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ROBERT L. EHRLICH, JR., Governor Ch. 633
Enacted May 26, 2006.
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CHAPTER 633
(House Bill 1659)
AN ACT concerning
State Personnel - Student Loan Repayment Pilot Program
FOR the purpose of altering the manner in which a unit of State government that
participates in the student loan repayment pilot program may repay a student
loan previously taken out by an employee of the unit; altering the terms for the
repayment of a student loan that an employee must agree to in order to be
eligible for benefits under the pilot program; extending the termination date of
the pilot program; and generally relating to the student loan repayment pilot
program.
BY repealing and reenacting, with amendments,
Article - State Personnel and Pensions
Section 10-503 and 10-505
Annotated Code of Maryland
(2004 Replacement Volume and 2005 Supplement)
BY repealing and reenacting, with amendments,
Chapter 535 of the Acts of the General Assembly of 2005
Section 2
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - State Personnel and Pensions
10-503.
(a) To recruit or retain highly qualified personnel, the head of a participating
unit may establish a student loan repayment pilot program under which the
participating unit agrees to repay[, by direct payments made on behalf of an
employee of the participating unit,] a student loan previously taken out by [the] AN
employee OF THE PARTICIPATING UNIT.
(B) A PARTICIPATING UNIT MAY REPAY A STUDENT LOAN BY MAKING A
PAYMENT DIRECTLY TO:
(1) A LENDER ON BEHALF OF AN EMPLOYEE; OR
(2) AN EMPLOYEE, IF THE EMPLOYEE PROVIDES PROOF SATISFACTORY
TO THE PARTICIPATING UNIT THAT THE PAYMENT HAS BEEN USED TO REPAY THE
EMPLOYEE'S STUDENT LOAN.
- 2923 -
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