§ 9-803. Composition; term; co-chair; staff; compensation and reimbursement; meetings

   (a) Composition. -- The Commission consists of the following members:

   (1) two members of the Senate of Maryland, appointed by the President of the Senate;

   (2) two members of the House of Delegates, appointed by the Speaker of the House;

   (3) the State Superintendent of Schools, or the Superintendent's designee;

   (4) the Secretary of Housing and Community Development, or the Secretary's designee;

   (5) the Commissioner of Financial Regulation in the Department of Labor, Licensing, and Regulation, or the Commissioner's designee;

   (6) the Executive Director of the Family Investment Administration in the Department of Human Resources, or the Executive Director's designee;

   (7) the Chief of the Consumer Protection Division of the Office of the Attorney General, or the Chief's designee;

   (8) the State Treasurer, or the State Treasurer's designee;

   (9) the Comptroller, or the Comptroller's designee; and

   (10) the following members, appointed by the Governor:

      (i) one member of the Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans;

      (ii) one member of the College Savings Plans of Maryland Board;

      (iii) one member of the Maryland Higher Education Commission;

      (iv) one member of the Maryland State Education Association who teaches a course involving principles of financial education;

      (v) one representative of the Maryland CASH Campaign;

      (vi) one representative of a community-focused nonprofit organization that provides free financial education in the State;

      (vii) one representative of a philanthropic organization that provides funding for financial education in the State;

      (viii) one representative of the Maryland Council on Economic Education or the Maryland Coalition for Financial Literacy;

      (ix) one representative of a bank, whether or not State-chartered, that has a branch in the State;

      (x) one representative of a credit union, whether or not State-chartered, that has a branch in the State;

      (xi) one licensed mortgage broker holding the Maryland Association of Mortgage Brokers' "Lending Seal of Integrity"; and

      (xii) one member of the Maryland Association of CPAs.

(b) Term. --

   (1) The term of an appointed member of the Commission is 4 years.

   (2) The terms of the appointed members are staggered as required by the terms provided for appointed members of the Commission on October 1, 2012.

   (3) At the end of a term, an appointed member continues to serve until a successor is appointed and qualifies.

   (4) A member who is appointed after a term has begun serves only for the remainder of the term and until a successor is appointed and qualifies.

(c) Co-chair. --

   (1) The President of the Senate shall designate one of the members appointed from the Senate as co-chair of the Commission.

   (2) The Speaker of the House of Delegates shall designate one of the members appointed from the House as co-chair of the Commission.

(d) Staff. -- The Maryland CASH Campaign shall provide staff for the Commission.

(e) Compensation and reimbursement. -- A member of the Commission:

   (1) may not receive compensation as a member of the Commission; but

   (2) is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.

(f) Meetings. -- The Commission shall meet at least two times each year at the times and places determined by the Commission.

HISTORY: 2012, chs. 519, 520.