Legislative leaders working on bill to move Maryland 529 to Treasurer, wind down pre-paid tuition program

Legislative leaders are planning to introduce a bill next week that would shift oversight of Maryland’s beleaguered college savings plan to the state treasurer’s office and wind down pre-paid college tuition plans. Sen. President Bill Ferguson (D-Baltimore City) said during a Friday morning press briefing that conversations about the best way to handle dysfunction at the Maryland 529 plan have been taking place across the legislative chambers and top leaders will be taking up the offer made by Treasurer Dereck Davis (D) to move the program into his office.