EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTING LAW. [Brackets] indicate matter deleted from existing law. Underlining indicates amendments to bill. Strike out indicates matter stricken from the bill by amendment or deleted from the law by amendment. *sb0332* SENATE BILL 332 F2 2lr1798 SB 609/20 – B&T CF HB 54 By: Senator King Introduced and read first time: January 20, 2022 Assigned to: Budget and Taxation Committee Report: Favorable Senate action: Adopted Read second time: February 15, 2022 CHAPTER ______ AN ACT concerning 1 Higher Education – St. Mary’s College of Maryland – Cost–of–Living Adjustment 2 FOR the purpose of altering the percentage of the cost–of–living adjustment provided to 3 State–supported employees of St. Mary’s College of Maryland under certain 4 circumstances; and generally relating to St. Mary’s College of Maryland and the 5 cost–of–living adjustment for employees. 6 BY repealing and reenacting, with amendments, 7 Article – Education 8 Section 14–405(b)(3) 9 Annotated Code of Maryland 10 (2018 Replacement Volume and 2021 Supplement) 11 SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 12 That the Laws of Maryland read as follows: 13 Article – Education 14 14–405. 15 (b) (3) (i) Beginning in fiscal year 2019, in addition to the grant provided 16 under paragraph (2) of this subsection, the College shall receive the amounts specified 17 under this paragraph. 18 (ii) For each fiscal year, the State shall provide to the College funds 19 2 SENATE BILL 332 to pay for the increase in State–supported health insurance costs of the College. 1 (iii) For each fiscal year in which the State provides a cost–of–living 2 adjustment for State employees, the State shall provide to the College [50%] 100% of the 3 cost–of–living adjustment wage increase for State–supported employees of the College. 4 (iv) For each fiscal year in which the State provides funds to other 5 public senior higher education institutions to moderate undergraduate resident tuition 6 increases, it is the intent of the General Assembly that the State shall provide to the College 7 funds for the same purpose. 8 SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 9 1, 2022. 10 Approved: ________________________________________________________________________________ Governor. ________________________________________________________________________________ President of the Senate. ________________________________________________________________________________ Speaker of the House of Delegates.