Bill > HB201

Introduced Session

AN ACT concerning Creation of a State Debt - Maryland Consolidated Capital Bond Loan of 2023, and the Maryland Consolidated Capital Bond Loans of 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, and 2022 FOR the purpose of authorizing the creation of a State Debt in the amount of One Billion, Two Hundred Six Million, Six Hundred Thirty-Nine Thousand Dollars ($1,206,639,000) One Billion, Two Hundred and Sixteen Million, Six Hundred and Thirty-Nine Thousand Dollars ($1,216,639,000) One Billion, Two Hundred and Seventeen Million, Five Hundred and Eighty-Six Thousand and Five Hundred Dollars ($1,217,586,500) One Billion, Two Hundred and Eighteen Million, Six Hundred and Thirty-Nine Thousand Dollars ($1,218,639,000), the proceeds to be used for certain necessary building, construction, demolition, planning, renovation, conversion, replacement, and capital equipment purchases of the State, for acquiring certain real estate in connection therewith, and for grants to certain subdivisions and other organizations for certain development and improvement purposes, subject to certain requirements that certain matching funds be provided and expended by certain dates; providing generally for the issuance and sale of bonds evidencing the loan; imposing a certain tax on all assessable property in the State; requiring that certain grantees convey certain easements under certain circumstances to the Maryland Historical Trust; providing that the proceeds of certain loans must be expended or encumbered by a certain date; authorizing the Board of Public Works, under certain circumstances, to approve certain appropriations, notwithstanding certain technical differences; authorizing certain unexpended appropriations in certain prior capital budgets and bond loans to be expended for other public projects; altering certain requirements for certain programs in certain prior capital budgets and bond loans; reducing prior authorizations of State Debt; requiring that certain projects be constructed at certain locations; adding, altering, and repealing certain requirements for certain appropriations; specifying the use of certain project funds; altering and expanding the authorized purpose of certain grants; providing that certain grants may not terminate before certain dates; authorizing premiums from the sale of State bonds in certain fiscal years to be used for certain purposes; requiring the Comptroller to make certain transfers, adjustments, and reconciliations; authorizing, in a certain fiscal year, the fund balance of a certain fund to exceed a certain limit; repealing certain Maryland Consolidated Capital Bond Loan Preauthorization acts; specifying the use of certain project funds; authorizing the creation of State Debt in certain years to be used for certain purposes; clarifying the use of certain bond proceeds; making certain provisions of this Act subject to certain contingencies; altering certain reporting requirements for the Construction Contingency Fund; and generally relating to the financing of certain capital projects. BY repealing and reenacting, with amendments, Chapter 396 of the Acts of the General Assembly of 2011, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item DW01.10(A) BY repealing and reenacting, with amendments, Chapter 444 of the Acts of the General Assembly of 2012, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item DW01.10(A) BY repealing and reenacting, with amendments, Chapter 424 of the Acts of the General Assembly of 2013, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item DW01.10(A) BY repealing and reenacting, with amendments, Chapter 463 of the Acts of the General Assembly of 2014, as amended by Chapter 9 of the Acts of the General Assembly of 2018, Chapter 14 of the Acts of the General Assembly of 2019, and Chapter 63 of the Acts of the General Assembly of 2021 Section 1(3) Item RD00(A) BY repealing and reenacting, with amendments, Chapter 463 of the Acts of the General Assembly of 2014, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item DW01.10(A) BY repealing and reenacting, with amendments, Chapter 495 of the Acts of the General Assembly of 2015 Section 1(3) Item DW01.08(A) BY repealing and reenacting, with amendments, Chapter 495 of the Acts of the General Assembly of 2015, as amended by Chapter 27 of the Acts of the General Assembly of 2016, Chapter 22 of the Acts of the General Assembly of 2017, Chapter 9 of the Acts of the General Assembly of 2018, Chapter 14 of the Acts of the General Assembly of 2019, Chapter 63 of the Acts of the General Assembly of 2021, and Chapter 344 of the Acts of the General Assembly of 2022 Section 1(1) BY repealing and reenacting, with amendments, Chapter 495 of the Acts of the General Assembly of 2015, as amended by Chapter 9 of the Acts of the General Assembly of 2018, Chapter 14 of the Acts of the General Assembly of 2019, and Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item RD00(A) WES MOORE, Governor BY repealing and reenacting, with amendments, Chapter 495 of the Acts of the General Assembly of 2015, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item DW01.11(A), RB25(A), and RM00(A) BY repealing and reenacting, with amendments, Chapter 27 of the Acts of the General Assembly of 2016 Section 1(3) Item DH01.04(A), DW01.11(A), RD00(A) and (B), and RM00(B) BY repealing and reenacting, with amendments, Chapter 27 of the Acts of the General Assembly of 2016, as amended by Chapter 22 of the Acts of the General Assembly of 2017, Chapter 9 of the Acts of the General Assembly of 2018, Chapter 14 of the Acts of the General Assembly of 2019, Chapter 537 of the Acts of the General Assembly of 2020, Chapter 63 of the Acts of the General Assembly of 2021, and Chapter 344 of the Acts of the General Assembly of 2022 Section 1(1) BY repealing and reenacting, with amendments, Chapter 27 of the Acts of the General Assembly of 2016, as amended by Chapter 537 of the Acts of the General Assembly of 2020 Section 1(3) Item DW01.08(B) BY repealing and reenacting, with amendments, Chapter 22 of the Acts of the General Assembly of 2017 Section 1(3) Item DH01.04(A) and ZA01(F) BY repealing and reenacting, with amendments, Chapter 22 of the Acts of the General Assembly of 2017, as amended by Chapter 537 of the Acts of the General Assembly of 2020 and Chapter 344 of the Acts of the General Assembly of 2022 Section 1(1) BY repealing and reenacting, with amendments, Chapter 22 of the Acts of the General Assembly of 2017, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item RM00(A) BY repealing and reenacting, with amendments, Chapter 9 of the Acts of the General Assembly of 2018 Section 1(3) Item DE02.01(E) BY repealing and reenacting, with amendments, Chapter 9 of the Acts of the General Assembly of 2018, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 1(1) BY adding to Chapter 63 of the Acts of the General Assembly of 2021, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item DA03(A), J00A01.05(A), RA07.02(A), and RI00(A) BY repealing and reenacting, with amendments, Chapter 63 of the Acts of the General Assembly of 2021, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 16(1) BY repealing Chapter 63 of the Acts of the General Assembly of 2021, as amended by Chapter 344 of the Acts of the General Assembly of 2022 Section 16(1) Item J00A01.05(A), RI00(A), RA07.02(A), and DA03(A) BY repealing and reenacting, with amendments, Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item KA05(C)(1) Section 1(1) and 1(3) Item KA05(C)(1) and (3), RA07.02(C), RD00(D), and ZA00(IG) BY repealing Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item KA05(D), 13, 14, and 15 BY adding to Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item ZA00(MO) and (MP) BY repealing and reenacting, without amendments, Article - State Finance and Procurement Section 3-609(a) and (b) Annotated Code of Maryland (2021 Replacement Volume and 2022 Supplement) BY repealing and reenacting, with amendments, Article - State Finance and Procurement Section 3-609(h) Annotated Code of Maryland (2021 Replacement Volume and 2022 Supplement)

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Approved by the Governor - Chapter 102 (on 04/24/2023)

Official Document