Higher Education – High Impact Economic Development Activities – Alterations

Altering the definition of "high impact economic development activity" to exclude cost savings related to the reduction in the number of University System of Maryland employees; requiring the Board of Regents of the University System of Maryland to report the amount of State or University funds used on each high impact economic development activity, the net benefit of each activity, and whether the activity is in the best interest of the State; and making a high impact economic development activity subject to State procurement law.