<?xml version='1.0' encoding='utf-8'?>
<section article="ged" article_name="Education" number="20-101" title_number="20" title_name="Maryland College Savings Bond Advisory Board" subtitle_number="1">
  <level label="a">
    <level label="1">
      <text>There is a Maryland College Savings Bond Advisory Board.</text>
    </level>
    <level label="2">
      <text>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.</text>
    </level>
  </level>
  <level label="b">
    <text>The Board shall consist of the following four members:</text>
    <level label="1">
      <text>The State Treasurer;</text>
    </level>
    <level label="2">
      <text>The Secretary of Higher Education; and</text>
    </level>
    <level label="3">
      <text>Two members appointed by the Governor.</text>
    </level>
  </level>
  <level label="c">
    <text>Factors to be considered in appointing members to the Board may include:</text>
    <level label="1">
      <text>Experience, skill, or knowledge in the areas of public finance and investment banking; or</text>
    </level>
    <level label="2">
      <text>Experience in the field of higher education finance.</text>
    </level>
  </level>
  <level label="d">
    <text>The Treasurer shall serve as chair of the Advisory Board.</text>
  </level>
</section>
