Bill > HB590

This bill authorizes the creation of a State Debt in the amount of $1,107,427,000 $1,006,370,620 $1,106,370,620, the proceeds of which will be used for various necessary building, construction, demolition, planning, renovation, conversion, replacement, and capital equipment purchases of the State, as well as grants to certain subdivisions and other organizations for certain development and improvement purposes. Some key provisions of the bill include: - Funding for the design and construction of a new Department of Legislative Services Building, a new Courts of Appeal Building, and improvements to various state facilities, parks, community centers, and higher education institutions. - Grants for programs like the Community Legacy Program, Neighborhood Business Development Program, and Community College Construction Grant Program. - Provisions allowing work to commence on certain projects prior to the appropriation of all necessary funds. - Requirements for matching funds and historic preservation easements for certain grant recipients. - Authorization of additional State debt in future years for further capital projects. The bill aims to support a variety of public infrastructure and community development initiatives across Maryland through the issuance of State general obligation bonds.

Budget and Finance

http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0590?ys=2021RS