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Bill > HB768
MD HB768
MD HB768Economic Development - Western Maryland Economic Future Investment Board and Senator George C. Edwards Fund - Alterations
summary
Introduced
02/08/2023
02/08/2023
In Committee
03/27/2023
03/27/2023
Crossed Over
03/18/2023
03/18/2023
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. The bill also creates an Executive Director to manage the administrative and technical activities of the Boards, and provides for how decisions are made regarding funding proposals for capital infrastructure and business development projects in the region of Allegany, Garrett, and Washington counties. The bill further establishes the Senator George C. Edwards Fund to provide grant and loan funding for these types of economic development projects, and requires the Governor to include at least $10 million in annual appropriations to the Fund for fiscal years 2024 through 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Approved by the Governor - Chapter 470 (on 05/08/2023)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0768?ys=2023RS |
| BillText | https://mgaleg.maryland.gov/2023RS/Chapters_noln/CH_470_hb0768e.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0768e.pdf |
| Favorable with Amendments 353625/1 Adopted | https://mgaleg.maryland.gov/2023RS/amds/bil_0008/hb0768_35362501.pdf |
| Vote Image | https://mgaleg.maryland.gov/2023RS/votes_comm/hb0768_b&t.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0768t.pdf |
| Favorable with Amendments 393127/1 Adopted | https://mgaleg.maryland.gov/2023RS/amds/bil_0008/hb0768_39312701.pdf |
| Vote Image | https://mgaleg.maryland.gov/2023RS/votes_comm/hb0768_w&m.pdf |
| BillText | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0768f.pdf |
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