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Bill > SB361
MD SB361
MD SB361Creation of a State Debt - Maryland Consolidated Capital Bond Loan of 2024, and the Maryland Consolidated Capital Bond Loans of 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023
summary
Introduced
01/17/2024
01/17/2024
In Committee
04/05/2024
04/05/2024
Crossed Over
04/01/2024
04/01/2024
Passed
04/08/2024
04/08/2024
Dead
Signed/Enacted/Adopted
05/16/2024
05/16/2024
Introduced Session
2024 Regular Session
Bill Summary
Authorizing the creation of a State Debt in the amount of $1,845,046,000, 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 matching fund requirements; etc.
AI Summary
This bill authorizes the creation of a State Debt in the amount of $1,845,046,000, the proceeds of which will be used for various necessary building, construction, demolition, planning, renovation, conversion, replacement, and capital equipment purchases across the state. The bill provides funding for a range of projects, including school construction and renovation, facility upgrades for state agencies and universities, and grants to local subdivisions and other organizations for development and improvement purposes. The bill also includes provisions related to the administration and oversight of the bonds, such as matching fund requirements, historical preservation easements, and preauthorization of future capital bond loans. Overall, this bill represents the state's comprehensive capital investment plan for fiscal year 2025.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
Approved by the Governor - Chapter 720 (on 05/16/2024)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0361?ys=2024RS |
| BillText | https://mgaleg.maryland.gov/2024RS/Chapters_noln/CH_720_sb0361e.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0361e.pdf |
| Floor Amendment 463122/1 (Delegate Chang) Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0001/sb0361_46312201.pdf |
| Floor Amendment 863823/1 (Delegate Barnes) Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0001/sb0361_86382301.pdf |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/sb0361_app.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0361t.pdf |
| Floor Amendment 553623/1 (Budget and Taxation Committee) Adopted | https://mgaleg.maryland.gov/2024RS/amds/bil_0001/sb0361_55362301.pdf |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/sb0361_b&t.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0361f.pdf |
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