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Audit spurs bill to tighten oversight of University System high‑impact entities; faculty warn against overly broad conflict-of-interest restrictions
Summary
House Bill 10‑54 responds to audit findings that University System of Maryland high‑impact entities used noncompetitive procurement and in one case spent $25.7 million on an abandoned IT project; auditors recommended greater oversight while faculty urged preserving limited conflicts-of-interest waivers for founder‑inventors.
Delegate Wu opened the hearing on HB 10‑54 by citing a Department of Legislative Services audit and by describing problems at the University of Maryland Global Campus (UMGC) and related high‑impact development entities created by the University System of Maryland.
“Recent investigation, particularly an audit by the Department of Legislative Services in August 2024, have raised significant concern,” Delegate Wu said, summarizing the audit findings that UMGC Ventures and related entities received hundreds…
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