2005 Regular Session

SENATE BILL 952

File Code: State Debt (Bond Bills) Crossfiled with: HOUSE BILL 1493
NOTE: Bond bills that received funding in fiscal 2006 were amended into the State's Capital budget (HB 340). Individual bond bills were not acted upon by the legislature, instead the General Assembly amended HB 340 to specifically list the projects it selected for funding. Click here for special information pertaining to 2005 Bond Bills.
Sponsored By:
Senator McFadden (By Request - Baltimore City Administration)
Entitled:
Creation of a State Debt - Baltimore City - East Baltimore Biotechnology Park

Synopsis:

Authorizing the creation of a State Debt not to exceed $8,000,000, the proceeds to be used as a grant to the Mayor and City Council of the City of Baltimore for property acquisition, demolition, and site improvements in the East Baltimore Biotechnology Park Project area, located in Baltimore; 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

Senate Action
2/25
First Reading Senate Rules
3/4
Re-referred Budget and Taxation
Hearing 3/19 at 12:00 p.m.
House Action
No Action

Sponsored by:

Senator Nathaniel J. McFadden, District 45
Baltimore City Administration

Bill indexed under the following Subjects:

BALTIMORE CITY
COMMERCIAL REHABILITATION
INDUSTRY AND TECHNOLOGY
SMALL BUSINESS
STATE BONDS

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available    Bond Bill Fact Sheet: Available
The information in the Fact Sheet was provided by the potential grantee of the bond proceeds.
Amendments: None offered