Legislation - HB0601

Title: Economic Development - Small Business Guaranty Fund - Alterations
Sponsored by: Delegates Phillips, Amprey, Boyce, Conaway, Crutchfield, Pasteur, Patterson, Pena-Melnyk, Roberson, Ruff, Simmons, Taveras, Toles, Wells, White Holland, and Woods
Status: In the House - First Reading Ways and Means
Analysis

Synopsis

Providing that a guaranty under the Small Business Guaranty Fund may be supported by the full faith and credit of the State of Maryland or appproved by an irrevocable letter of credit, an official treasurer's check, funds on deposit in an escrow or other depositiory account, or any other legal instrument promising a financial institution restitution or reimbursement for its loan losses.

Committees

Original:: Ways and Means

Details

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber House Calendar Date 1/23/2025 Legislative Date 1/23/2025 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Economic Development - Small Business Guaranty Fund - Alterations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/23/2025	1/23/2025	First Reading Ways and Means
			Text - First - Economic Development - Small Business Guaranty Fund - Alterations

File Code

Subjects

Statutes