Bill
Bill > SB865
MD SB865
MD SB865Economic Development - Western Maryland Economic Future Investment Board and Senator George C. Edwards Fund - Alterations
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/05/2023
04/05/2023
Crossed Over
03/20/2023
03/20/2023
Passed
04/07/2023
04/07/2023
Dead
Signed/Enacted/Adopted
05/08/2023
05/08/2023
Introduced Session
2023 Regular Session
Bill Summary
AN ACT concerning Economic Development - Western Maryland Economic Future Investment Board and Senator George C. Edwards Fund - Alterations FOR the purpose of renaming altering the composition of the Western Maryland Economic Future Investment Board to be the Western Maryland Economic Future Investment Vetting Board; establishing and specifying the purpose of the Western Maryland Economic Future Investment Voting Board; establishing an Executive Director for the Vetting Board and the Voting Board; altering the manner in which decisions are made regarding certain proposals for funding; and generally relating to the Western Maryland Economic Future Investment Boards and the Senator George C. Edwards Fund. BY repealing and reenacting, without amendments, Article - Economic Development Section 13-701(a), (c), and (e) (e), and (g) Annotated Code of Maryland (2018 Replacement Volume and 2022 Supplement) BY repealing and reenacting, with amendments, Article - Economic Development Section 13-736 through 13-741 Annotated Code of Maryland (2018 Replacement Volume and 2022 Supplement) BY adding to Article - Economic Development Section 13-738 and 13-739 Annotated Code of Maryland (2018 Replacement Volume and 2022 Supplement)
AI Summary
This bill renames and alters the composition of the Western Maryland Economic Future Investment Board to be the Western Maryland Economic Future Investment Vetting Board and establishes a separate Western Maryland Economic Future Investment Voting Board. It specifies the purpose and membership of the two boards, including the creation of an Executive Director to manage the administrative and technical activities. The bill also establishes the Senator George C. Edwards Fund to provide grant or loan funding for capital infrastructure and business development projects in the Western Maryland region, and outlines the criteria and process for awarding such funding. The bill requires the Vetting Board or Executive Director to monitor and track the progress of funded projects, and mandates annual reporting on the implementation of the program.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Approved by the Governor - Chapter 469 (on 05/08/2023)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0865?ys=2023RS |
| BillText | https://mgaleg.maryland.gov/2023RS/Chapters_noln/CH_469_sb0865t.pdf |
| Vote Image | https://mgaleg.maryland.gov/2023RS/votes_comm/sb0865_w&m.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/sb/sb0865t.pdf |
| Favorable with Amendments 523023/1 Adopted | https://mgaleg.maryland.gov/2023RS/amds/bil_0005/sb0865_52302301.pdf |
| Vote Image | https://mgaleg.maryland.gov/2023RS/votes_comm/sb0865_b&t.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/sb/sb0865f.pdf |
Loading...