Bill > HB351

This bill authorizes the creation of a state debt of $1,814,825,000 to fund various capital projects across Maryland. The funds will be used for numerous purposes, including school construction, infrastructure improvements, facility renovations, healthcare facility upgrades, and grants to local governments and nonprofit organizations. The bill provides detailed allocations for projects spanning multiple state agencies and institutions, such as: 1. School Construction and Improvements: Significant funding for public school construction, including grants for aging schools, healthy school facilities, and school security improvements. 2. Higher Education: Funds for various university system projects, including new buildings, renovations, and infrastructure upgrades at institutions like the University of Maryland, Morgan State University, and Towson University. 3. State Facilities: Funding for renovations and improvements to state government buildings, courthouses, and correctional facilities. 4. Healthcare: Grants for hospital and medical center improvements, including funding for obstetrical care towers, emergency departments, and medical research facilities. 5. Cultural and Community Projects: Grants for museums, historical preservation, community centers, and local infrastructure improvements. The bill includes provisions for how the funds can be used, matching fund requirements, and guidelines for project implementation. It also specifies that the debt will be repaid within 15 years and emphasizes maintaining Maryland's AAA bond rating. The legislation includes multiple sections detailing the allocation of funds, project oversight, and the effective dates of various provisions.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0351?ys=2025RS