Legislation - SB0861

Title: Economic Development - Western Maryland Economic Future Investment Board and Senator George C. Edwards Fund - Alterations
Sponsored by: Senator Corderman
Status: In the Senate - Second Reading Passed with Amendments
Analysis: Fiscal and Policy Note

Synopsis

Altering the composition of the Western Maryland Economic Future Investment Board; providing that the Executive Director serves as a nonvoting member of the Board; altering the purpose of the Senator George C. Edwards Fund to provide grant or loan funding to create jobs and significant economic development opportunities in the region; extending, through fiscal year 2031, the fiscal years in which the Governor is required to include an appropriation of at least $10,000,000 in the annual budget bill to the Fund; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media; Finance

Committee Testimony

Witness List

Details

Cross-filed with: HB1459

Bill File Type: Regular

Effective Date(s): July 1, 2025

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 2/03/2025 Legislative Date 1/28/2025 Action First Reading Finance and Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Economic Development - Western Maryland Economic Future Investment Board and Senator George C. Edwards Fund - Alterations Proceedings
Chamber Senate Calendar Date 2/05/2025 Legislative Date 1/30/2025 Action Reassigned to Budget and Taxation Finance Proceedings 19 Click to view Recorded Media
Chamber Senate Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing 3/05 at 1:00 p.m. (Budget and Taxation) Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/13/2025 Legislative Date 3/13/2025 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/13/2025 Legislative Date 2/24/2025 Action Favorable with Amendments {933623/1 Adopted Proceedings 44 Click to view Recorded Media
Chamber Senate Calendar Date 3/13/2025 Legislative Date 2/24/2025 Action Second Reading Passed with Amendments Proceedings 44 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/03/2025	1/28/2025	First Reading Finance and Budget and Taxation
			Text - First - Economic Development - Western Maryland Economic Future Investment Board and Senator George C. Edwards Fund - Alterations
Senate	2/05/2025	1/30/2025	Reassigned to Budget and Taxation Finance	19 Click to view Recorded Media
Senate	2/07/2025	2/07/2025	Hearing 3/05 at 1:00 p.m. (Budget and Taxation)
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/13/2025	3/13/2025	Favorable with Amendments Report by Budget and Taxation
Senate	3/13/2025	2/24/2025	Favorable with Amendments {933623/1 Adopted	44 Click to view Recorded Media
Senate	3/13/2025	2/24/2025	Second Reading Passed with Amendments	44 Click to view Recorded Media

File Code

Subjects

Statutes