Legislation - SB0248

Title: Maryland Technology Development Corporation - Investments - Alterations
Sponsored by: Senator Beidle
Status: In the Senate - Third Reading Passed (44-0)
Analysis: Fiscal and Policy Note

Synopsis

Requiring the Maryland Technology Development Corporation to adopt certain regulations regarding the consideration of remedies for investments in certain businesses that no longer meet the definition of a qualified business for purposes of provisions of law governing the Corporation; authorizing, rather than requiring, the Corporation to divest itself of an interest under certain circumstances; and authorizing the Corporation to pursue certain other remedies under those circumstances.

Committees

Original:: Finance Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0487

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber Senate Calendar Date 1/16/2026 Legislative Date 1/16/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Maryland Technology Development Corporation - Investments - Alterations Proceedings
Chamber Senate Calendar Date 1/20/2026 Legislative Date 1/20/2026 Action Hearing 1/29 at 3:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 2/09/2026 Legislative Date 2/09/2026 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 2/10/2026 Legislative Date 2/07/2026 Action Favorable Adopted Proceedings 18 Click to view Recorded Media
Chamber Senate Calendar Date 2/10/2026 Legislative Date 2/07/2026 Action Second Reading Passed Proceedings 18 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Maryland Technology Development Corporation - Investments - Alterations Proceedings
Chamber Senate Calendar Date 2/12/2026 Legislative Date 2/09/2026 Action Third Reading Passed (44-0) Proceedings 20 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/16/2026	1/16/2026	First Reading Finance
			Text - First - Maryland Technology Development Corporation - Investments - Alterations
Senate	1/20/2026	1/20/2026	Hearing 1/29 at 3:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	2/09/2026	2/09/2026	Favorable Report by Finance
Senate	2/10/2026	2/07/2026	Favorable Adopted	18 Click to view Recorded Media
Senate	2/10/2026	2/07/2026	Second Reading Passed	18 Click to view Recorded Media
			Text - Third - Maryland Technology Development Corporation - Investments - Alterations
Senate	2/12/2026	2/09/2026	Third Reading Passed (44-0)	20 Click to view Recorded Media

File Code

Subjects

Statutes