Bill > SB283

This bill authorizes the creation of State debt, known as the Maryland Consolidated Capital Bond Loan of 2026, for a total principal amount of $1,847,099,000. The funds will be used for various necessary capital projects across the state, including building, construction, demolition, planning, renovation, equipment purchases, and real estate acquisition. Additionally, the bill allocates funds for grants to subdivisions and other organizations for development and improvement purposes, with specific amounts designated for public school facilities, public school construction programs, nonpublic aging schools, and supplemental capital grants for local school systems. It also includes funding for accessibility upgrades for persons with disabilities, historic site improvements, general state facilities renewal, new judicial buildings, state government center renovations, military department operations, historical and cultural program preservation, public safety radio systems, transportation projects, community parks, natural resources development, waterway improvements, oyster restoration, agricultural cost-share programs, community health facilities, demolition of decommissioned buildings, federally qualified health centers, hospital renovations, correctional facility fence replacements, public library construction, university system projects, and numerous other miscellaneous grant programs for various community and infrastructure development initiatives. The bill also makes technical adjustments to existing bond loan authorizations from previous years and amends provisions related to the termination of capital project authorizations and the disposal of unspent bond proceeds.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0283?ys=2026RS