Legislation
- Title
- Seed Community Development Anchor Institution Fund
- Sponsored by
- Delegates Glenn, Hayes, Anderson, B. Barnes, Barron, Beidle, Branch, Bromwell, Brooks, Carter, Clippinger, Conaway, Davis, Ebersole, Frick, Gilchrist, Hammen, Haynes, Hettleman, Hill, Holmes, Korman, Lafferty, Lam, Lierman, Luedtke, McCray, McIntosh, A. Miller, Moon, Morales, Morhaim, Oaks, Pena-Melnyk, Platt, Reznik, B. Robinson, S. Robinson, Rosenberg, Sanchez, Smith, Stein, Tarlau, Valderrama, Waldstreicher, A. Washington, M. Washington, K. Young, and Jalisi
- Status
- Enacted under Article II, Section 17(b) of the Maryland Constitution - Chapter 31
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Establishing the Seed Community Development Anchor Institution Fund as a special, nonlapsing fund; specifying that the purpose of the Fund is to provide grants and loans to anchor institutions for community development projects in blighted areas of the State; requiring the Department of Housing and Community Development to administer the Fund; requiring the Governor to include in the annual budget bill an appropriation of $5,000,000 to the Fund for fiscal years 2018 through 2022; etc.
Committees
Details
Cross-filed with: SB1172
Bill File Type: Regular
Effective Date(s): July 1, 2016
Bill imposes a mandated appropriation in the annual State Budget Bill
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6-226 )
Last Updated: 2/3/2020 2:29 PM