Bill > HB351

Introduced Session

AN ACT concerning Creation 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 FOR the purpose of authorizing the creation of a State Debt in the amount of One Billion, Seven Hundred and Ninety-Two Million, Eight Hundred and Thirty Thousand Dollars ($1,792,830,000), 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 HOUSE BILL 351 years to be used for certain purposes; clarifying the use of certain bond proceeds; and generally relating to the financing of certain capital projects. BY repealing and reenacting, with amendments, Chapter 495 of the Acts of the General Assembly of 2015 Section 1(3) Item DH01.04(A) and QS02.08(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, Chapter 344 of the Acts of the General Assembly of 2022, and Chapter 102 of the Acts of the General Assembly of 2023 Section 1(1) BY repealing and reenacting, with amendments, Chapter 27 of the Acts of the General Assembly of 2016 Section 1(3) Item QS02.08(A) BY repealing and reenacting, with amendments, Chapter 9 of the Acts of the General Assembly of 2018 Section 1(3) Item DH01.04(A) and ZB02(C) 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 and Chapter 102 of the Acts of the General Assembly of 2023 Section 1(1) BY repealing and reenacting, with amendments, Chapter 14 of the Acts of the General Assembly of 2019 Section 1(3) Item DH01.04(A) and ZB02(B) and (C) BY repealing and reenacting, with amendments, Chapter 14 of the Acts of the General Assembly of 2019, as amended by Chapter 537 of the Acts of the General Assembly of 2020 Section 1(1) BY repealing and reenacting, with amendments, Chapter 537 of the Acts of the General Assembly of 2020 Section 1(3) Item DH01.06(A), QS01.01(A), and ZB02(B) BY repealing and reenacting, with amendments, Chapter 537 of the Acts of the General Assembly of 2020, as amended by Chapter 344 of the Acts of the General Assembly of 2022 HOUSE BILL 351 Section 1(1) 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 1(1) and (3) Item VE01(B) BY repealing and reenacting, with amendments, Chapter 344 of the Acts of the General Assembly of 2022 Section 1(3) Item VE01(B) and ZA01(B) BY repealing and reenacting, with amendments, Chapter 344 of the Acts of the General Assembly of 2022, as amended by Chapter 102 of the Acts of the General Assembly of 2023 Section 1(1) BY repealing and reenacting, with amendments, Chapter 102 of the Acts of the General Assembly of 2023 Section 1(1) and (3) Item DA01.01(A), RB24(A), RM00(C), and ZB02(C) BY repealing Chapter 102 of the Acts of the General Assembly of 2023 Section 13, 14, and 15

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First Reading Appropriations (on 01/17/2024)

Official Document