MD SB409 | 2025 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 20 2025 - 25% progression
Action: 2025-01-21 - Hearing 2/05 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Hearing: Feb 5 @ 1:00 pm Senate Budget and Taxation Hearing
Text: Latest bill text (Introduced) [PDF]

Summary

Expanding the acceptable names authorized for an economic development authority established by a county or municipal corporation; expanding the powers of an authority, subject to limitations in the articles of incorporation of the authority; authorizing an authority to issue certain bonds in accordance with certain requirements; expanding the authorized uses of tax increment proceeds; etc.

Tracking Information

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Title

Economic Development - County or Municipal Corporation Economic Development Authority - Powers and Use of Proceeds

Sponsors


History

DateChamberAction
2025-01-21SenateHearing 2/05 at 1:00 p.m.
2025-01-20SenateFirst Reading Budget and Taxation

Same As/Similar To

HB97 (Crossfiled) 2025-01-17 - Hearing canceled (Ways and Means)

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Economic Development12101(n/a)See Bill Text
Economic Development12105(n/a)See Bill Text
Economic Development12107(n/a)See Bill Text
Economic Development12108(n/a)See Bill Text
Economic Development12109(n/a)See Bill Text
Economic Development12110(n/a)See Bill Text
Economic Development12111(n/a)See Bill Text
Economic Development12113(n/a)See Bill Text
Economic Development12201(n/a)See Bill Text
Economic Development12203(n/a)See Bill Text
Economic Development12204(n/a)See Bill Text
Economic Development12207(n/a)See Bill Text
Economic Development12211(n/a)See Bill Text
Economic Development12212(n/a)See Bill Text

Maryland State Sources


Bill Comments

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