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PARRIS N. GLENDENING, Governor Ch. 494
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SECTION 7. AND BE IT FURTHER ENACTED, That, notwithstanding §
7-208(b)(4) and (g) of the Education Article, in fiscal year 2001, from the amount
appropriated for the Maryland Academic Intervention and Support Program, the State
Board shall distribute $70,000 to each county board to cover start-up costs associated
with implementing the program:
SECTION 8. AND BE IT FURTHER ENACTED. That, notwithstanding §
7-317(d) and (g) of the State Finance and Procurement Article, in fiscal year 2001, the
Cigarette Restitution Fund established under § 7-317 of the State Finance and
Procurement Article may be used to fund the implementation of: (i) the Governor's
Teacher Salary Challenge Program established under § 5-213 of the Education Article;
(ii) Section 4 of this Act; and (iii) Section 5 of this Act. In fiscal year 2001 and 2002, the
Governor may transfer or appropriate funds by budget amendment or otherwise from
the Cigarette Restitution Fund: (i) to the Transitional Education Fund created under
this Act as necessary to fund the Governor's Teacher Salary Challenge Program in
fiscal years 2001 and 2002; and (ii) to support the expenditures required under
Sections 4 and 5 of this Act in fiscal years 2001 and 2002.
SECTION 9. AND BE IT FURTHER ENACTED, That $31 million $19.5 million
of the funds credited in fiscal year 2001 to the Cigarette Restitution Fund established
under § 7-317 of the State Finance and Procurement Article may only be used to fund
the Maryland Academic Intervention and Support Program established under § 7-208
of the Education Article as enacted by this Act.
SECTION 2. 6. 10. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 2000. It Section 1 of this Act shall remain effective for a period of 2
years and 1 month and, at the end of June 30, 2002, with no further action required
by the General Assembly, Section 1 of this Act shall be abrogated and of no further
force and effect.
Approved May 18, 2000.
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CHAPTER 494
(House Bill 11)
AN ACT concerning
Maryland Prepaid College Trust and Maryland College Investment Plan
FOR the purpose of changing the name of the Maryland Higher Education
Investment Program to the Maryland Prepaid College Trust; authorizing the
Maryland Higher Education Investment Board to provide for certain rebates to
owners of prepaid contracts under certain circumstances; requiring the Board to
allow the transfer of funds from certain tuition state tuition programs to other
state tuition programs under certain circumstances; requiring the Governor
under certain circumstances to include a certain amount for the Maryland
Prepaid College Trust in the annual budget submitted to the General Assembly;
providing that certain amounts paid into the Program by the State shall
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