Board vice chair of troubled Maryland 529 steps down after brief tenure at college savings agency

The vice chair of the Maryland 529 board has resigned, leaving just two members of the public on the oversight panel as lawmakers aim to overhaul the college savings agency and put it under the auspices of the state treasurer. David Erculiani stepped down after less than a year on the volunteer board and after his first meeting as one of its presiding officers. The board elected him vice chair Feb. 23, along with chair Geoffrey Newman. Erculiani also served on the investment committee.