Masks will still be required inside public transportation, health care settings and schools.
Out-of-state tuition will increase by 5 percent.
Students, faculty and staff at Maryland colleges are eligible.
Hogan also lifted restrictions on outdoor dining beginning Saturday.
Panelists also discussed the possibility of making vaccines mandatory in the fall semester.
Some voiced concerns about the Purple Line could affect residents in Langley Park and Lakeland.
Local schools, including American and Johns Hopkins universities, have all already mandated COVID-19 vaccines for the fall semester.
The legislature also approved $3.5 million in funding for public health programs.
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“This is an incredible step towards showing that we can take action, we can make ourselves involved,” Ben Baitman said.