HOUSE BILL 1278

File Code: State Debt (Bond Bills) Crossfiled with: SENATE BILL 456

Sponsored By:

Delegates Franchot and Hixson

Entitled:

Creation of a State Debt - Montgomery County - East County Center for Science and Technology Incubator

Synopsis:

Authorizing the creation of a State Debt not to exceed $1,000,000, the proceeds to be used as a grant to the County Executive and County Council of Montgomery County for the demolition, site preparation, and road improvements at the future site of the East County Center for Science and Technology Incubator; providing for disbursement of the loan proceeds, subject to a requirement that the grantee provide and expend a matching fund; establishing a deadline for the encumbrance or expenditure of the loan proceeds; etc.

History by Legislative Date

House Action

2/13

First Reading Appropriations

3/10

Hearing 3/24 at 2:00 p.m.

3/23

Hearing cancelled

Hearing 3/29 at 12:00 p.m.

4/12

Unfavorable Report by Appropriations

Senate Action

No Action

Sponsored by:

Delegate Peter Franchot, District 20

Delegate Sheila E. Hixson, District 20

Bill indexed under the following Subjects:

INDUSTRY AND TECHNOLOGY

MONTGOMERY COUNTY

STATE BONDS

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered