Maryland Education Section 20-101

      (a)      (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)      The Board shall consist of the following 4 members:

            (1)      The State Treasurer;

            (2)      The Secretary of Higher Education; and

            (3)      2 members appointed by the Governor.

      (c)      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)      The Treasurer shall serve as chair of the Advisory Board.