MD HB601 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-01-31 - Hearing 2/20 at 1:00 p.m.
Pending: House Ways and Means Committee
Hearing: Feb 20 @ 1:00 pm House Ways and Means Hearing
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 23 2025 - 25% progression
Action: 2025-01-31 - Hearing 2/20 at 1:00 p.m.
Pending: House Ways and Means Committee
Hearing: Feb 20 @ 1:00 pm House Ways and Means Hearing
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Economic Development - Small Business Guaranty Fund - Alterations
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-31 | House | Hearing 2/20 at 1:00 p.m. |
| 2025-01-23 | House | First Reading Ways and Means |
Subjects
Checks
Commerce and Business
Credit
Economic Development
Escrow Accounts
Financial Institutions
Loans
Revenue and Taxes
Small Business
Commerce and Business
Credit
Economic Development
Escrow Accounts
Financial Institutions
Loans
Revenue and Taxes
Small Business
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Economic Development | 5 | 540 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0601?ys=2025RS |
| Text | https://mgaleg.maryland.gov/2025RS/bills/hb/hb0601f.pdf |
