Legislation was prompted by a May bus crash that killed a teacher and a student from Paramus, N.J.
A judge ruled earlier this year that the department must follow rules regarding loans involving colleges that subsequently shut down.
Gov. Larry Hogan says the plan would be the largest investment in school construction in Maryland history.
Report from advocacy group Good Jobs First says the money is enough to hire 6,365 teachers at $50,000 a year.
Education Corporation of America ran more than 75 U.S. campuses that operated under various names.
Report from the state's Department of Higher Education calls for increased funding to address deferred maintenance.
The Jacksonville-based district plans to hire and arm safety assistants to patrol elementary schools, but parents say the move will put their children in harm's way.
Bob Wilson, 90, handed out $1,000 checks to each student and staff member at Paradise High School in Paradise, Calif.
The Facilities Maintenance Debt Service Fee would yield $1.8 million annually.