Bill
Bill > SB826
summary
Introduced
02/07/2022
02/07/2022
In Committee
04/09/2022
04/09/2022
Crossed Over
03/18/2022
03/18/2022
Passed
04/11/2022
04/11/2022
Dead
Signed/Enacted/Adopted
05/16/2022
05/16/2022
Introduced Session
2022 Regular Session
Bill Summary
Establishing the Maryland Watermen's Microloan Program in the Maryland Agricultural and Resource-Based Industry Development Corporation to provide loans to qualified commercial fishermen to continue commercial operations in the State; providing, beginning July 1, 2025, that generational watermen, beginner watermen, and seafood processing businesses are eligible to receive loans under the Program; requiring a loan made under the Program to be at least $7,000 and not more than $15,000.
AI Summary
This bill establishes the Maryland Watermen's Microloan Program within the Maryland Agricultural and Resource-Based Industry Development Corporation. The program provides loans to qualified commercial fishermen, including generational watermen and beginner watermen, to support their commercial operations in the state, such as purchasing boats, equipment, fishing gear, and quota. The bill sets the loan amount between $7,000 and $15,000, and requires the Governor to include an annual appropriation of $500,000 to the program for fiscal years 2024 through 2026. The program is initially limited to generational watermen, but starting July 1, 2025, it will also be open to beginner watermen and seafood processing businesses.
Committee Categories
Budget and Finance, Transportation and Infrastructure
Sponsors (9)
Kathy Klausmeier (D)*,
Jack Bailey (R),
Mary Beth Carozza (R),
Adelaide Eckardt (R),
Steve Hershey (R),
Michael Jackson (D),
J.B. Jennings (R),
Johnny Salling (R),
Chris West (R),
Last Action
Approved by the Governor - Chapter 384 (on 05/16/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0826?ys=2022RS |
| BillText | https://mgaleg.maryland.gov/2022RS/Chapters_noln/CH_384_sb0826e.pdf |
| BillText | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0826e.pdf |
| Favorable with Amendments 133521/1 Adopted | https://mgaleg.maryland.gov/2022RS/amds/bil_0006/sb0826_13352101.pdf |
| Vote Image | https://mgaleg.maryland.gov/2022RS/votes_comm/sb0826_ent.pdf |
| BillText | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0826t.pdf |
| Favorable with Amendments 783129/1 Adopted | https://mgaleg.maryland.gov/2022RS/amds/bil_0006/sb0826_78312901.pdf |
| Vote Image | https://mgaleg.maryland.gov/2022RS/votes_comm/sb0826_fin.pdf |
| BillText | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0826f.pdf |
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