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78 MARYLAND MANUAL consists of one President of a State college or university, or his nominee; one President of a private college or university, or his nominee; one representative of the public high schools located within the State; and four citizens chosen for their interest in higher educa- tion. The Governor designates the Chairman. Members serve six-year terms. The Board administers the General State Scholarships, Scholarships in Medicine (University of Maryland), and grants for war orphans and children of permanently and totally disabled veterans. The Board is empowered to implement these scholarship programs by appropriate rules and regulations, to provide for and conduct examinations of applicants, to determine financial need, and to award the scholarships. Under the provisions of Chapter 670, Acts of 1969, the Board also performs certain administrative and fiscal duties for the Legislative (Senatorial) scholarship program (Code 1957, 1966 Kepi. Vol., 1968 Supp., Art. 77, sees. 261-266, 268). Appropriations 1969 1970 General Funds ...................................... $3,012,323 $3,471,293 Staff: 8. MARYLAND HIGHER EDUCATION LOAN CORPORATION Chairman: Fred 1. Archibald, 1970 Vice Chairman: J. Joseph Curran, Jr. 1974 Ex officio members: Wilson H. Elkins; Robert M. Taubman. Appointed members: Leonard O. Engel, 1970; Mrs. W. Kenneth Root, 1970; H. Vernon Eney, 1972; Milton H. Miller, 1972; David W. Zimmerman, 1972; H. Grant Hathaway, 1974; Frederic A. Jackson, 1974. Executive Director: James A. Learner, Jr. 2100 Guilford Avenue, Baltimore 21218 Telephone: 383-3010 The Maryland Higher Education Loan Corporation, created by Chapter 689, Acts of 1963, consists of eleven members. The Chairman of the State Scholarship Board and the President of the University of Maryland, or their designated representatives, serve as ex officio members. The remaining members are appointed by the Governor with the advice and consent of the Senate. The Governor designates the Chairman and the Vice Chairman. The Corporation has the power to lend money to residents of the State who are attending or are planning to attend colleges within or without the State. The Corporation may accept gifts, Dequests and governmental appropriations or grants for its purposes. The Corpora- tion is also empowered to establish rules and regulations for the granting, administration, and repayment of student loans. Program changes enacted by the 1966 and the 1967 sessions of the General Assembly enable the Corporation to enter into agreements with the U. S. Office of Education under which the Federal govern- ment will provide repayable advance funds to be added to the student loan reserve and makes Maryland residents eligible to receive a Federal subsidy for part of the interest on their loans (Code 1967, 1965 Repl. Vol., 1968 Supp., Art. 43A). Appropriations 1969 1970 General Funds ............................................... $366,467 $624,216 Staff: 6. |
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Maryland Manual, 1969-70
| Volume 174, Page 78 View pdf image (33K) |
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