Bill > S2814

This bill, the "FutureTech Act of 2024," provides for a program of capital investments totaling $1.244 billion for information technology and data and cyber-security improvements to various state programs, services, agencies, institutions, and properties. The bill establishes the Information Technology Federal Reimbursement Fund to receive federal financial participation revenues for eligible IT expenditures and authorizes the issuance of bonds to finance the investments, with a maximum term of 10 years for $1.055 billion and 30 years for $189.658 million. The funds will be used for planning, studies, equipment, software, and other IT-related projects to improve the quality, consistency, efficiency, and security of state services and infrastructure.

https://malegislature.gov/Bills/193/S2814