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Legislation


2005 Regular Session

SENATE BILL 923

File Code: State Debt (Bond Bills) Crossfiled with: HOUSE BILL 1550
NOTE: Bond bills that received funding in fiscal 2006 were amended into the State's Capital budget (HB 340). Individual bond bills were not acted upon by the legislature, instead the General Assembly amended HB 340 to specifically list the projects it selected for funding. Click here for special information pertaining to 2005 Bond Bills.
Sponsored By:
Senators Hogan, Forehand, Garagiola, Grosfeld, Kramer, Ruben, and Teitelbaum
Entitled:
Creation of a State Debt - Montgomery County - Germantown Life Sciences Incubator

Synopsis:

Authorizing the creation of a State Debt not to exceed $1,500,000, the proceeds to be used as a grant to the County Executive and County Council of Montgomery County for the acquisition, planning, design, construction, renovation, reconstruction, and capital equipping of the Germantown Life Sciences Incubator; providing for disbursement of the loan proceeds, subject to a requirement that the grantee provide and expend a matching fund; establishing a deadline for the encumbrance or expenditure of the loan proceeds; etc.

History by Legislative Date

Senate Action
2/23
First Reading Senate Rules
2/24
Re-referred Budget and Taxation
3/2
Hearing 3/19 at 3:00 p.m.
House Action
No Action

Sponsored by:

Senator Patrick J. Hogan, District 39
Senator Jennie M. Forehand, District 17
Senator Rob Garagiola, District 15
Senator Sharon M. Grosfeld, District 18
Senator Rona E. Kramer, District 14
Senator Ida G. Ruben, District 20
Senator Leonard H. Teitelbaum, District 19

Bill indexed under the following Subjects:

INDUSTRY AND TECHNOLOGY
MONTGOMERY COUNTY
SMALL BUSINESS
STATE BONDS

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available    Bond Bill Fact Sheet: Available
The information in the Fact Sheet was provided by the potential grantee of the bond proceeds.
Amendments: None offered
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