BillCam

Debt Management

Number	Legislature	Summary	Subjects
SB-446	State (Maryland)	Authorizing the Secretary of Higher Education to require certain institutions of postsecondary education to refund all tuition and fees to certain Maryland students if the institution does not file all essential records of the academic achievement of a former student with the Commission in a certain manner; establishing that an institution that closes programs in a manner that is a disorderly closure is in violation of the enrollment agreement or other contract with a student enrolled at the time of the closure; etc. Democrat: 100% (10) 100% Democrat support	Higher Education Commercial Law - Generally Bonds Certifications Committees And Commissions Consumer Protection Contracts Credit Curriculum Debt Collection
HB-469	State (Maryland)	Authorizing the Secretary of Higher Education to require certain institutions of postsecondary education to refund all tuition and fees to certain Maryland students if the institution does not file all essential records of the academic achievement of a former student with the Commission in a certain manner; establishing that an institution that closes programs in a manner that is a disorderly closure is in violation of the enrollment agreement or other contract with a student enrolled at the time of the closure; etc. Democrat: 92% (12) Republican: 7% (1) 92% Democrat support 7% Republican support	Higher Education Commercial Law - Generally Bonds Certifications Committees And Commissions Consumer Protection Contracts Credit Curriculum Debt Collection
SB-1	State (Maryland)	Requiring or authorizing, under certain circumstances, the Maryland Stadium Authority to contract for, manage, and oversee certain public school facility projects; authorizing the Prince George's County government and Board of Education to enter into a certain public-private partnership to enhance the delivery of public school construction projects in the county; requiring the Governor, beginning in fiscal year 2020, to include in the annual budget certain supplemental funding to be used for certain educational purposes; etc. Democrat: 100% (3) 100% Democrat support	Economic And Community Development Education - Miscellaneous Appropriations Baltimore City Budgets Committees And Commissions Comptroller Construction Contracts Counties
HB-1	State (Maryland)	Requiring or authorizing, under certain circumstances, the Maryland Stadium Authority to contract for, manage, and oversee certain public school facility projects; authorizing the Prince George's County government and Board of Education to enter into a certain public-private partnership to enhance the delivery of public school construction projects in the county; requiring the Governor, beginning in fiscal year 2020, to include in the annual budget certain supplemental funding to be used for certain educational purposes; etc. Democrat: 100% (4) 100% Democrat support	Economic And Community Development Education - Miscellaneous Appropriations Baltimore City Budgets Committees And Commissions Comptroller Construction Contracts Counties
HB-1576	State (Maryland)	Expressing the intent of the General Assembly for Prince George's County to study whether a higher education financial assistance program should be offered in the county; requiring Prince George's County, on or before December 1, 2018, to perform specified actions related to a study of a student loan refinancing program in Prince George's County, including reviewing the Prince George's County Supplemental Higher Educational Loan Authority and performing a specified feasibility and demand study; etc. Unaffiliated: 100% (1) 100% Unaffiliated support	Education - Local Bills Debt Management Higher Education Prince George's County Scholarships And Student Financial Aid
HB-1517	State (Maryland)	Renaming the Maryland Not-For-Profit Development Center Program and the Maryland Not-For-Profit Development Center Program Fund to be the Maryland Nonprofit Development Center Program and the Maryland Nonprofit Development Center Program Fund; establishing the Nonprofit, Interest-Free, Micro Bridge Loan (NIMBL) Account within the Fund; authorizing the Governor to transfer specified funds by June 30, 2017, to the NIMBL Account; requiring the Department of Commerce to submit a specified report on the bridge loans by December 31, 2020; etc. Democrat: 100% (2) 100% Democrat support	Economic And Community Development Gaming Commerce, Department Of Comptroller Debt Management Equipment General Assembly Governor Loans Lottery
HB-1155	State (Maryland)	Allowing a subtraction modification under the Maryland income tax for income from the discharge of indebtedness related to specified costs incurred with respect to a principal residence; providing that the subtraction may not exceed $100,000 for an individual and $200,000 for a married couple filing jointly or specified individuals; applying the Act to taxable years beginning after December 31, 2016, but before January 1, 2019; etc. Democrat: 75% (3) Republican: 25% (1) 75% Democrat support 25% Republican support	Taxes - Income Debt Management Exemptions Income Tax Mortgages Sunset
HB-1055	State (Maryland)	Altering specified limits on debt in St. Mary's County; subjecting specified bonds and other evidences of indebtedness issued under the authority of the St. Mary's County Sanitary Commission Act to a specified limitation; and requiring the responsibility for repayment to remain with the St. Mary's County Metropolitan Commission. Unaffiliated: 100% (1) 100% Unaffiliated support	Counties - Local Laws Assessments Bonds Debt Management Public Local Laws St. Mary's County Utilities
HB-1033	State (Maryland)	Allowing a subtraction modification under the Maryland income tax for specified income of specified individuals resulting from the discharge of student loan debt; providing that the amount of the subtraction modification may not exceed $50,000 for an individual or $100,000 for a married couple filing jointly; requiring an individual to submit specified documentation to qualify for the subtraction modification; prohibiting an individual from claiming the subtraction modification under specified circumstances; etc. Republican: 100% (6) 100% Republican support	Taxes - Income Debt Management Exemptions Income Tax Scholarships And Student Financial Aid
SB-737	State (Maryland)	Altering specified limits on debt in St. Mary's County; subjecting specified bonds and other evidences of indebtedness issued under the authority of the St. Mary's County Sanitary Commission Act to a specified limitation; and requiring the responsibility for repayment to remain with the St. Mary's County Metropolitan Commission. Republican: 100% (1) 100% Republican support	Counties - Local Laws Assessments Bonds Debt Management Public Local Laws St. Mary's County Utilities
SB-465	State (Maryland)	Renaming the Maryland Not-For-Profit Development Center Program and the Maryland Not-For-Profit Development Center Program Fund to be the Maryland Nonprofit Development Center Program and the Maryland Nonprofit Development Center Program Fund; establishing the Nonprofit, Interest-Free, Micro Bridge Loan (NIMBL) Account within the Fund; authorizing the Governor to transfer specified funds by June 30, 2017, to the NIMBL Account; requiring the Department of Commerce to submit a specified report on the bridge loans by December 31, 2020; etc. Democrat: 70% (33) Republican: 29% (14) 70% Democrat support 29% Republican support	Economic And Community Development Gaming Commerce, Department Of Comptroller Debt Management Equipment General Assembly Governor Loans Lottery
HB-568	State (Maryland)	Providing that a credit union does not have a lien or a right to a setoff under a specified provision of law if the member has filed for bankruptcy. Republican: 100% (1) 100% Republican support	Financial Institutions Bankruptcy Credit Unions Debt Management Interest Liens
SB-460	State (Maryland)	Establishing a 2-year period of time during which a county government is not required to reimburse the State for outstanding debt service for specified school buildings that are transferred to a county government; and requiring a county government to reimburse the State for a specified amount of outstanding debt service for specified school buildings after the 2-year period of time has elapsed. Democrat: 100% (1) 100% Democrat support	Primary And Secondary Education Counties Debt Management Public Buildings And Facilities Public Schools Time
HB-441	State (Maryland)	Establishing a 2-year period of time during which a county government is not required to reimburse the State for outstanding debt service for specified school buildings that are transferred to a county government; and requiring a county government to reimburse the State for a specified amount of outstanding debt service for specified school buildings after the 2-year period of time has elapsed. Democrat: 100% (2) 100% Democrat support	Primary And Secondary Education Counties Debt Management Public Buildings And Facilities Public Schools Time
SB-367	State (Maryland)	Allowing a subtraction modification under the Maryland income tax for income from the discharge of indebtedness related to acquiring, constructing, substantially improving, or refinancing a principal residence; providing that the subtraction does not apply to more than $100,000 for an individual and $200,000 for a married couple filing jointly or specified individuals; applying the Act to taxable years beginning after December 31, 2016, but before January 1, 2019; etc. Democrat: 77% (7) Republican: 22% (2) 77% Democrat support 22% Republican support	Taxes - Income Debt Management Exemptions Income Tax Mortgages Sunset
HB-262	State (Maryland)	Requiring institutions of higher education that receive State funds to provide specified information to students regarding their education loans on or before October 15 each year; prohibiting an institution of higher education from incurring a specified liability; etc. Republican: 50% (1) Democrat: 50% (1) 50% Republican support 50% Democrat support	Higher Education Debt Management Notices Scholarships And Student Financial Aid Students

Title: Institutions of Postsecondary Education – Disorderly School Closures

Session: Maryland 2020 Regular Session

Number: SB-446

Subjects: Higher Education, Commercial Law - Generally, Bonds, Certifications, Committees And Commissions, Consumer Protection, Contracts, Credit, Curriculum, Debt Collection

Democrat: 100% (10)

Title: Institutions of Postsecondary Education - Disorderly School Closures

Session: Maryland 2020 Regular Session

Number: HB-469

Subjects: Higher Education, Commercial Law - Generally, Bonds, Certifications, Committees And Commissions, Consumer Protection, Contracts, Credit, Curriculum, Debt Collection

Democrat: 92% (12) Republican: 7% (1)

Title: Built to Learn Act of 2020

Session: Maryland 2020 Regular Session

Number: SB-1

Subjects: Economic And Community Development, Education - Miscellaneous, Appropriations, Baltimore City, Budgets, Committees And Commissions, Comptroller, Construction, Contracts, Counties

Democrat: 100% (3)

Title: Built to Learn Act of 2020

Session: Maryland 2020 Regular Session

Number: HB-1

Subjects: Economic And Community Development, Education - Miscellaneous, Appropriations, Baltimore City, Budgets, Committees And Commissions, Comptroller, Construction, Contracts, Counties

Democrat: 100% (4)

Title: Prince George's County - Student Loan Refinancing Authority PG 419-17