Ch. 109                                    1994 LAWS OF MARYLAND

Committee on the strengths and weaknesses and any problems associated with the
implementation by the school system of its Year-Round Education Pilot Project in
accordance with the terms of the Year-Round Education Incentive Grant awarded by the
State Department of Education. The school systems shall submit quarterly reports for the
period June 1, 1994 through June 1, 1995, and a final report on or before December 1,
1995. The reports shall include data to date on: (1) the number of students impacted by
the Year-Round Education Pilot Project; (2) the extent to which staff and other
individuals are involved in the activities that result from the Year-Round Education Pilot
Project; and (3) the results of a cost-benefit analysis, including the expenditures of the
local school system and the attributes of student academic performance, of the
Year-Round Education Pilot Project.

SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 1994.

Approved May 2, 1994.

CHAPTER 109
(House Bill 420)

AN ACT concerning

Maryland Higher Education Loan Corporation - Dissolution

FOR the purpose of requiring the dissolution of the Maryland Higher Education Loan
Corporation by a certain date; requiring the Board of the Corporation, in
consultation with the Maryland Higher Education Commission, to enter into certain
negotiations with certain entities make a certain recommendation to the United
States Secretary of Education; requiring the Office of Legislative Audits to perform
a certain audit; providing for the severability of this Act; and generally relating to
the powers and authority of the Maryland Higher Education Loan Corporation..

BY repealing and reenacting, with amendments,
Article - Education
Section 18-1003 and 18-1014
Annotated Code of Maryland                          . ..

(1992 Replacement Volume and 1993 Supplement)

                                                        Preamble .

WHEREAS, The Maryland Higher Education Loan Corporation has since its
inception in 1963 faithfully fulfilled its mission to improve the higher educational
opportunities of persons who are residents of this State; and

WHEREAS, The Board and staff of the Corporation have fulfilled their fiduciary
duty to the State and to the students of the State with diligence and distinction; and

- 1222 -