Legislation

Establishing the Maryland Baby Bond Account Program in the Office of the State Treasurer; establishing the Baby Bond Account Fund as a special, nonlapsing fund; specifying the purpose of the Fund is to provide money to eligible individuals to address wealth disparities in the State; establishing the Baby Bond Account Board; requiring the Governor to appropriate $70,000,000 to the Fund for fiscal year 2023; requiring the State Treasurer to establish and make certain deposits into certain accounts for eligible individuals; etc.

Committees

Original:: Appropriations

Details

Bill File Type: Regular

Effective Date(s): July 1, 2021

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber House Calendar Date 1/20/2021 Legislative Date 1/20/2021 Action First Reading Appropriations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Human Services - Maryland Baby Bond Account Program - Establishment Proceedings
Chamber House Calendar Date 2/01/2021 Legislative Date 2/01/2021 Action Hearing 2/10 at 1:30 p.m. Proceedings
Chamber House Calendar Date 2/05/2021 Legislative Date 2/05/2021 Action Hearing canceled Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Appropriations Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/05/2021 Legislative Date 2/05/2021 Action Withdrawn by Sponsor Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/20/2021	1/20/2021	First Reading Appropriations
			Text - First - Human Services - Maryland Baby Bond Account Program - Establishment
House	2/01/2021	2/01/2021	Hearing 2/10 at 1:30 p.m.
House	2/05/2021	2/05/2021	Hearing canceled
			Vote - House - Committee - Appropriations	Click to view Recorded Media
House	2/05/2021	2/05/2021	Withdrawn by Sponsor

File Code

Subjects

Statutes