Section 20-101 - Established; purposes; members; chair.

§ 20-101. Established; purposes; members; chair.
 

(a)  Board established; purpose.-  

(1) There is a Maryland College Savings Bond Advisory Board. 

(2) The purpose of the Board is to advise the Board of Public Works on the issuance of college savings bonds authorized under § 8-123.3 of the State Finance and Procurement Article. 

(b)  Membership.- The Board shall consist of the following four members: 

(1) The State Treasurer; 

(2) The Secretary of Higher Education; and 

(3) Two members appointed by the Governor. 

(c)  Considerations for appointment.- Factors to be considered in appointing members to the Board may include: 

(1) Experience, skill, or knowledge in the areas of public finance and investment banking; or 

(2) Experience in the field of higher education finance. 

(d)  Chair.- The Treasurer shall serve as chair of the Advisory Board. 
 

[1991, ch. 462, § 5; 2008, ch. 36, § 6.]