1997 Regular Session

SENATE BILL 190

CHAPTER NUMBER: 564 File Code: Economic and Community Development
Sponsored By:
Senators Amoss, Miller, Hoffman, Currie, Lawlah, Munson, Middleton, Boozer, and Hogan
Entitled:
Economic Development - Loans Guaranteed by Political Subdivisions

Synopsis:

Permitting a loan under the Maryland Industrial Land Act and a loan or grant from the Maryland Industrial and Commercial Redevelopment Fund to be made to an entity other than a political subdivision; requiring that a percentage of such a loan be guaranteed by a political subdivision unless waived by the Secretary; altering the local matching and full faith and credit requirements of local subdivisions borrowing under the Act or from the Fund; requiring that specified investment earnings be paid to the Act and the Fund; etc.

Legislative History

Senate Action
1/16
First Reading Budget and Taxation
1/22
Hearing 1/29 at 1:30 p.m.
2/17
Favorable with Amendments Report by Budget and Taxation
2/18
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/20
Third Reading Passed (47-0)
4/6
Senate Concur - House Amendments
Third Reading Passed (47-0)
Passed Enrolled
5/22
Signed by the Governor Chapter 564
House Action
2/21
First Reading Economic Matters
3/20
Hearing 3/26 at 1:00 p.m.
4/5
Favorable with Amendments Report by Economic Matters
4/1
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/3
Third Reading Passed with Amendments (138-1)
Sponsored by:
Senator William H. Amoss, District 35
Senator F. Vernon Boozer, District 9
Senator Ulysses Currie, District 25
Senator Barbara A. Hoffman, District 42
Senator Patrick J. Hogan, District 39
Senator Gloria Gary Lawlah, District 26
Senator Thomas McLain Middleton, District 28
Senator Thomas V. Mike Miller, Jr., District 27
Senator Donald F. Munson, District 2
Bill indexed under the following Subjects:
BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCIAL REHABILITATION
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
INDUSTRY AND TECHNOLOGY
INVESTMENTS
LOANS
MUNICIPAL CORPORATIONS
Bill affects the following Statutes:
Article - 83A Department of Business and Economic Development
( 5-103 , 5-214 , 5-703 , 5-704 , 5-705 , 5-706 , 5-707 , 5-708 , 5-709 , 5-710 , 5-712 , 5-715 , 5-716 , 5-717 , 5-801 , 5-802 , 5-803 , 5-804 , 5-805 , 5-806 , 5-808 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)

Amendments:
Senate
Number: 529707/2 (PDF) Offered on: FEBRUARY 18, 1997 at: 11:08 Status: Adopted
House
Number: 583869/1 (PDF) Offered on: APRIL 5, 1997 at: 12:40 Status: Adopted