reglab/housing_qa huggingface dataset:
MD. Education Code Ann. §  18-19A-02 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19A - Maryland Senator Edward J. Kasemeyer College Investment Plan|Section 18-19A-02 - Establishment; Purpose; Duties

    (a)    There is a Maryland Senator Edward J. Kasemeyer College Investment Plan.    (b)    The purpose of the Plan is to allow contributions to an investment account established for the purposes of meeting the qualified higher education expenses of the qualified designated beneficiary of the account.    (c)    (1)    The Board shall administer, manage, promote, and market the Plan.        (2)    The Board shall administer the Plan in compliance with Internal Revenue Service standards for qualified State tuition programs.    (d)    The Board shall adopt procedures that the Board considers necessary to carry out the provisions of this subtitle.    (e)    The Board shall adopt procedures relating to:        (1)    Application procedures for participation in the Plan;        (2)    Start–up costs incurred by the State for the development of the Plan with these costs to be reimbursed to the State by the Plan;        (3)    Early withdrawals, so that there will be no major detriment to the remaining account holders in the Plan;        (4)    The State contribution program;        (5)    Transfer of funds from the Plan to other qualified State tuition programs and from other qualified State tuition programs to the Plan in accordance with federal law; and        (6)    Transfer of funds from the Plan to a qualified ABLE program established in accordance with § 529A of the Internal Revenue Code.    (f)    At least annually, the Board shall issue to each account holder a statement that provides a separate accounting for each qualified designated beneficiary providing the following information with respect to each account:        (1)    The beginning balance;        (2)    Contributions to the account, including any State contribution;        (3)    Withdrawals from the account during the previous year; and        (4)    Ending investment account value.
MD. Education Code Ann. §  18-19A-03 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19A - Maryland Senator Edward J. Kasemeyer College Investment Plan|Section 18-19A-03 - Proposals

    (a)    (1)    The Board may issue requests for proposals to evaluate and determine the means for the administration, management, promotion, or marketing of the Plan.        (2)    The Board shall consider proposals that meet the following criteria:            (i)    Ability to develop and administer an investment program of a nature similar to the objectives of the Plan;            (ii)    Ability to administer financial programs with individual account records and reporting;            (iii)    Ability to market the Plan to Maryland residents;            (iv)    Ability to market the Plan to nonresidents of Maryland; and            (v)    Ability to coordinate the Plan with other programs or informational services considered beneficial by the Board, including the Maryland Senator Edward J. Kasemeyer Prepaid College Trust established under Subtitle 19 of this title.    (b)    (1)    Except for applications made under § 18–19A–04.1 of this subtitle, the Board may require an initial application fee to be used for administrative costs of the Plan.        (2)    The Board may require additional fees associated with the expenses of the Plan.    (c)    (1)    Contributions to the Plan on behalf of a qualified designated beneficiary may not exceed the maximum amount determined by the Board to be in accordance with § 529 of the Internal Revenue Code.        (2)    Contributions to the Plan may be made only in cash or cash equivalent.        (3)    The Plan shall include provisions for automatic contributions.    (d)    The Board shall adopt procedures to ensure that contributions to the Plan plus contributions or payments to other qualified State tuition programs do not exceed a total maximum amount determined under § 529 of the Internal Revenue Code for contributions to multiple qualified State tuition programs.    (e)    (1)    The Plan:            (i)    Shall be established in the form determined by the Board; and            (ii)    May be established as a trust to be declared by the Board.        (2)    The Plan may be divided into multiple investment portfolios.        (3)    If the Plan is divided into multiple portfolios as provided in paragraph (2) of this subsection, the debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise existing with respect to a particular portfolio shall be enforceable against the assets of that portfolio only and not against the assets of the Plan generally, if:            (i)    Distinct records are maintained for each portfolio; and            (ii)    The assets associated with each portfolio are accounted for separately from the other assets of the Plan.    (f)    The Maryland College Investment Plan shall be referred to as the Senator Edward J. Kasemeyer College Investment Plan.
MD. Education Code Ann. §  18-19A-04 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19A - Maryland Senator Edward J. Kasemeyer College Investment Plan|Section 18-19A-04 - Participation; Distributions; Refunds

    (a)    A Maryland resident or a nonresident of Maryland may participate in and benefit from the Plan.    (b)    Distributions shall be requested by the account holder.
MD. Education Code Ann. §  18-19A-05 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19A - Maryland Senator Edward J. Kasemeyer College Investment Plan|Section 18-19A-05 - Debts, Contracts, and Obligations

    (a)    (1)    The debts, contracts, and obligations of the Plan are not the contracts, debts, or obligations of the State and neither the faith and credit nor taxing power of the State is pledged directly or indirectly or contingently, morally or otherwise, to the payment of the debts, contracts, and obligations.        (2)    The Board cannot directly or indirectly or contingently obligate, morally or otherwise, the State to levy or pledge any form of taxation whatsoever for the debts and obligations of the Plan or to make any appropriation for the payment of the debts and obligations of the Plan.    (b)    Neither the State nor any eligible educational institution shall be liable for any losses or shortage of funds in the event that the account holder’s investment account balance is insufficient to meet the tuition requirements of an institution attended by the qualified designated beneficiary.    (c)    Money of the Plan may not be considered money of the State or deposited in the State Treasury.    (d)    Money of the Plan may not be considered money of or commingled with the Maryland Senator Edward J. Kasemeyer Prepaid College Trust.    (e)    Money of the Plan may not be considered money of or commingled with the Maryland Broker–Dealer College Investment Plan.    (f)    Money of the Plan may not be considered money of or commingled with the Maryland ABLE Program.
MD. Education Code Ann. §  18-19A-05.1 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19A - Maryland Senator Edward J. Kasemeyer College Investment Plan|Section 18-19A-05.1 - Insurance Article Inapplicable

    The Board, Plan, and investment accounts issued under this subtitle are not subject to the provisions of the Insurance Article.
MD. Education Code Ann. §  18-19A-06 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19A - Maryland Senator Edward J. Kasemeyer College Investment Plan|Section 18-19A-06 - Exemption From Taxation

    The assets and income of the Maryland Senator Edward J. Kasemeyer College Investment Plan are exempt from State and local taxation.
MD. Education Code Ann. §  18-19A-06.1 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19A - Maryland Senator Edward J. Kasemeyer College Investment Plan|Section 18-19A-06.1 - Seizure of Account Benefits Prohibited

    (a)    In this section, “person” does not include the State.    (b)    A person may not attach, execute, garnish, or otherwise seize any current or future benefit under an investment account or any asset of the Plan.
MD. Education Code Ann. §  18-19A-07 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19A - Maryland Senator Edward J. Kasemeyer College Investment Plan|Section 18-19A-07 - Audit

    (a)    (1)    The Legislative Auditor shall audit the Plan as provided under Title 2, Subtitle 12 of the State Government Article.        (2)    The Board shall obtain an annual audit report from service providers.    (b)    (1)    Within 120 days after the close of each fiscal year, the Board shall submit to the Governor and, subject to § 2-1257 of the State Government Article, to the General Assembly a report including:            (i)    A financial accounting of the Plan, including:                1.    An annual review of the Plan which shall include:                A.    The status of the investment program;                B.    The assets held in each class of investment;                C.    The percentage and dollar value of assets placed with outside managers;                D.    The income produced by each class of investment;                E.    The income produced by each investment manager;                F.    The total deposits into the Plan for the past year; and                G.    The total withdrawals from the Plan for the past year; and                2.    A detailed account of the operating and administrative budget for the Plan, which shall include a complete list of revenue sources and expenditures detailing the line item expenditures for:                A.    Salaries, wages, and fringe benefits;                B.    Technical and special fees;                C.    Communication;                D.    Travel;                E.    Contractual services;                F.    Supplies and materials;                G.    Equipment;                H.    Fixed charges; and                I.    Other expenses;            (ii)    The number of new account holders during the previous fiscal year;            (iii)    Efforts in marketing the Plan; and            (iv)    Any recommendations of the Board concerning the operation of the Plan.        (2)    The Board shall make available to each account holder a copy of a summary of the report and the option to purchase the full report at a nominal charge.    (c)    The audit required by subsection (a)(2) of this section and the report required by subsection (b) of this section, at the Board’s discretion, may be combined with any other audit or report for the same fiscal year required to be submitted by the Board to the Governor and the General Assembly.
MD. Education Code Ann. §  18-19B-01 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19B - Maryland Broker-Dealer College Investment Plan|Section 18-19B-01 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “Account holder” means the person who established an investment account on behalf of a qualified designated beneficiary.    (c)    “Board” means the Maryland 529 Board established under § 18–1904 of this title.    (d)    “Broker–Dealer Plan” means the Maryland Broker–Dealer College Investment Plan established under this subtitle.    (e)    “Eligible educational institution” has the meaning stated in § 529(e) of the Internal Revenue Code.    (f)    “Investment account” means an account established by an account holder under this subtitle on behalf of a qualified designated beneficiary for the purpose of applying distributions toward qualified higher education expenses at eligible educational institutions.    (g)    “Qualified designated beneficiary” has the meaning stated in § 529(e) of the Internal Revenue Code.    (h)    “Qualified higher education expenses” has the meaning stated in § 529(e) of the Internal Revenue Code.    (i)    “Qualified State tuition program” has the meaning stated in § 529 of the Internal Revenue Code.
MD. Education Code Ann. §  18-19B-02 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19B - Maryland Broker-Dealer College Investment Plan|Section 18-19B-02 - Maryland Broker-Dealer College Investment Plan

    (a)    The Board may establish a Maryland Broker–Dealer College Investment Plan.    (b)    The purpose of the Broker–Dealer Plan is to provide for a broker–dealer distributed vehicle that would allow contributions to an investment account established for the purposes of meeting the qualified higher education expenses of the qualified designated beneficiary of the account.    (c)    (1)    The Board shall administer, manage, and promote the Broker–Dealer Plan.        (2)    The Board shall administer the Broker–Dealer Plan in compliance with Internal Revenue Service standards for qualified State tuition programs.    (d)    (1)    The Board shall adopt procedures relating to:            (i)    Enrollment procedures for participation in the Broker–Dealer Plan;            (ii)    Start–up costs incurred by the State for the development of the Broker–Dealer Plan with these costs to be reimbursed to the State by the Broker–Dealer Plan;            (iii)    Early withdrawals so that there will be no major detriment to the remaining account holders in the Broker–Dealer Plan;            (iv)    Transfer of funds from the Broker–Dealer Plan to other qualified State tuition programs and from other qualified State tuition programs to the Broker–Dealer Plan in accordance with federal law; and            (v)    Transfer of funds from the Broker–Dealer Plan to a qualified ABLE program established in accordance with § 529A of the Internal Revenue Code.        (2)    The Board shall adopt any other procedures that the Board considers necessary to carry out the provisions of this subtitle.    (e)    At least annually, the Board shall issue to each account holder a statement that provides a separate accounting for each qualified designated beneficiary providing the following information with respect to each account:        (1)    The beginning balance;        (2)    Contributions to the account;        (3)    Withdrawals from the account during the previous year; and        (4)    Ending investment account value.
MD. Education Code Ann. §  18-19B-03 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19B - Maryland Broker-Dealer College Investment Plan|Section 18-19B-03 - Proposals, Fees, Contributions, and Forms of Plan

    (a)    (1)    The Board may issue requests for proposals to evaluate and determine the means for the administration, management, promotion, or marketing of the Broker–Dealer Plan.        (2)    The Board shall consider proposals that meet the following criteria:            (i)    Ability to develop and administer an investment program of a nature similar to the objectives of the Broker–Dealer Plan;            (ii)    Ability to administer financial programs with individual account records and reporting; and            (iii)    Ability to market the Broker–Dealer Plan to Maryland residents and, at the Board’s discretion, nonresidents of Maryland.    (b)    (1)    The Board may require an initial enrollment fee to be used for administrative costs of the Broker–Dealer Plan.        (2)    The Board may require additional fees associated with the expenses of the Broker–Dealer Plan.    (c)    (1)    Contributions to the Broker–Dealer Plan on behalf of a qualified designated beneficiary may not exceed the maximum amount determined by the Board to be in accordance with § 529 of the Internal Revenue Code.        (2)    Contributions to the Broker–Dealer Plan may be made only in cash or cash equivalents.        (3)    The Broker–Dealer Plan shall include provisions for automatic contributions.    (d)    (1)    The Broker–Dealer Plan:            (i)    May be established as one or more separate plans as determined by the Board;            (ii)    If established by the Board, shall be established in the form determined by the Board;            (iii)    Shall be marketed and promoted under the name or names determined by the Board; and            (iv)    May be established as one or more trusts to be declared by the Board.        (2)    The Broker–Dealer Plan may be divided into multiple investment options.
MD. Education Code Ann. §  18-19B-04 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19B - Maryland Broker-Dealer College Investment Plan|Section 18-19B-04 - Participation; Distributions

    (a)    A Maryland resident or, at the Board’s discretion, a nonresident of Maryland may participate in and benefit from the Broker–Dealer Plan.    (b)    Distributions shall be requested by the account holder.
MD. Education Code Ann. §  18-19B-05 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19B - Maryland Broker-Dealer College Investment Plan|Section 18-19B-05 - Debts, Contracts, and Obligations

    (a)    (1)    The debts, contracts, and obligations of the Broker–Dealer Plan are not the contracts, debts, or obligations of the State, and neither the faith and credit nor taxing power of the State is pledged directly or indirectly or contingently, morally or otherwise, to the payment of the debts, contracts, and obligations.        (2)    The Board cannot directly or indirectly or contingently obligate, morally or otherwise, the State to levy or pledge any form of taxation whatsoever for the debts and obligations of the Broker–Dealer Plan or to make any appropriation for the payment of the debts and obligations of the Broker–Dealer Plan.    (b)    Neither the State nor any eligible educational institution shall be liable for any losses or shortage of funds in the event that the account holder’s investment account balance is insufficient to meet the tuition requirements of an institution attended by the qualified designated beneficiary.    (c)    Money of the Broker–Dealer Plan may not be considered money of the State or deposited in the State Treasury.    (d)    Money of the Broker–Dealer Plan may not be considered money of or commingled with the Maryland Senator Edward J. Kasemeyer Prepaid College Trust.    (e)    Money of the Broker–Dealer Plan may not be considered money of or commingled with the Maryland Senator Edward J. Kasemeyer College Investment Plan.    (f)    Money of the Broker–Dealer Plan may not be considered money of or commingled with the Maryland ABLE Program.
MD. Education Code Ann. §  18-19B-06 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19B - Maryland Broker-Dealer College Investment Plan|Section 18-19B-06 - Exemption From Other Provisions

    (a)    The Board, the Broker–Dealer Plan, and the investment accounts issued under this subtitle are not subject to the provisions of the Insurance Article.    (b)    The assets and income of the Maryland Broker–Dealer College Investment Plan are exempt from State and local taxation.
MD. Education Code Ann. §  18-19B-07 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19B - Maryland Broker-Dealer College Investment Plan|Section 18-19B-07 - Attachment, Execution, Garnishment, Seizure of Benefits

    (a)    In this section, “person” does not include the State.    (b)    A person may not attach, execute, garnish, or otherwise seize any current or future benefit under an investment account or any asset of the Broker–Dealer Plan.
MD. Education Code Ann. §  18-19B-08 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19B - Maryland Broker-Dealer College Investment Plan|Section 18-19B-08 - Audit; Report

    (a)    The legislative auditor shall audit the Broker–Dealer Plan as provided under Title 2, Subtitle 12 of the State Government Article.    (b)    The Board shall obtain an annual audit report from service provider(s) within six months of the end of such service provider’s reporting period.
MD. Education Code Ann. §  18-19C-01 (2021)
2021 Maryland Statutes|Education|Division III - Higher Education|Title 18 - Student Financial Assistance|Subtitle 19C - Maryland Able Program|Section 18-19C-01 - Definitions

    (a)    In this subtitle the following words have the meanings indicated.    (b)    “ABLE account” means an account described under § 529A(e) of the Internal Revenue Code.    (c)    “ABLE account contributor” means an individual who contributes money to an ABLE account described under § 529A(e) of the Internal Revenue Code.    (d)    “ABLE account holder” means an individual who has established an account described under § 529A(e) of the Internal Revenue Code and is the designated beneficiary of the account.    (e)    “Board” means the Maryland 529 Board established under § 18–1904 of this title.    (f)    “Designated beneficiary” means an individual described in § 529A(e) of the Internal Revenue Code.    (g)    “Maryland ABLE Program” means a qualified ABLE program described in § 529A(b) of the Internal Revenue Code.    (h)    “Qualified disability expenses” means expenses described in § 529A(e) of the Internal Revenue Code.