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MD HB877

Bill

Official Source

Status

Engrossed

3/18/2026

Primary Sponsor

Ryan Spiegel

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Requires all postsecondary education institutions to submit annual institutional debt reports to the Maryland Higher Education Commission by October 1, starting in 2027
  • Authorizes the Commission to impose civil penalties up to $10,000 per violation for failure to submit required reports
  • Applies the same $10,000 penalty for knowingly including inaccurate information in submitted debt reports
  • Establishes mandatory notice and hearing procedures the Commission must follow before assessing any civil penalties against institutions

Legislative Description

Institutions of Postsecondary Education - Institutional Debt - Report

Records

Last Action

Referred Education, Energy, and the Environment

3/19/2026

Committee Referrals

Education, Energy, and the Environment3/19/2026
Appropriations2/4/2026

Full Bill Text

No bill text available