---
type: "Bill"
title: "University System of Maryland – Board of Regents and Quasi–Endowment Funds"
description: "University System of Maryland – Board of Regents and Quasi–Endowment Funds"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2018"
identifier: "SB 502"
citation: "Maryland SB 502 (2018)"
classification: ["bill"]
subjects: ["Higher Education", "Committees and Commissions", "Higher Education", "Investments", "Public Corporations and Instrumentalities", "Revenue and Taxes", "Scholarships and Student Financial Aid", "State Universities and Colleges"]
status: "enacted"
primary_sponsors: ["Smith and Miller"]
version_count: 1
action_count: 27
vote_count: 4
first_action: "2018-01-29"
last_action: "2018-05-08"
source: "openstates"
source_identifier: "ocd-bill/12c621a9-d090-462a-80ac-26369e77c16b"
source_url: "http://mgaleg.maryland.gov/webmga/frmMain.aspx?id=SB502&stab=01&pid=billpage&tab=subject3&ys=2018rs"
source_hash: "8babb0a51b48683e0224bc86787a309c77866404d3d94c4146c4cd31dfdd9398"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 502 (2018) — University System of Maryland – Board of Regents and Quasi–Endowment Funds

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Bill Text** (committee substitute) — [source](http://mgaleg.maryland.gov/2018RS/bills/sb/sb0502f.pdf)

## Votes

- On Third Reading — **137–0** (pass) · lower
- On third reading — **45–0** (pass) · upper
- On Third Reading and Final Passage (CCR Adp) — **134–0** (pass) · lower
- On Third Reading — **46–0** (pass) · upper

## Sponsors

- Smith and Miller — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-01-29** First Reading Budget and Taxation `referral-committee`
- **2018-01-31** Hearing 2/21 at 1:00 p.m.
- **2018-02-26** Favorable with Amendments Report by Budget and Taxation `committee-passage-favorable`
- **2018-02-27** Favorable with Amendments {429230/1 Report Adopted `committee-passage-favorable`
- **2018-02-27** Second Reading Passed with Amendments
- **2018-03-01** Third Reading Passed (46-0) `passage`
- **2018-03-02** First Reading Appropriations `referral-committee`
- **2018-03-14** Hearing 3/20 at 1:00 p.m.
- **2018-03-19** Hearing canceled
- **2018-03-19** Hearing 3/20 at 1:15 p.m.
- **2018-03-29** Favorable with Amendments Report by Appropriations `committee-passage-favorable`
- **2018-03-29** Favorable with Amendments {314769/1 Report Adopted `committee-passage-favorable`
- **2018-03-29** Second Reading Passed with Amendments
- **2018-03-30** Third Reading Passed with Amendments (137-0) `passage`
- **2018-04-04** Senate Refuses to Concur - House Amendments
- **2018-04-04** Senate Requests House Recede
- **2018-04-04** Conference Committee Appointed
- **2018-04-04** Senators King, Ferguson, and Serafini
- **2018-04-05** House Refuses to Recede
- **2018-04-05** Conference Committee Appointed
- **2018-04-05** Delegates Jones, B. Barnes, and Ciliberti
- **2018-04-09** Conference Committee Report Adopted
- **2018-04-09** Third Reading Passed (45-0) `passage`
- **2018-04-09** Conference Committee Report Adopted
- **2018-04-09** Third Reading Passed (134-0) `passage`
- **2018-04-09** Passed Enrolled
- **2018-05-08** Approved by the Governor - Chapter 393 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/12c621a9-d090-462a-80ac-26369e77c16b`. Confidence: reported (aggregated from official Maryland legislature records).