Bill > SB283

This bill authorizes the creation of a State Debt, known as the Maryland Consolidated Capital Bond Loan of 2026, for a total principal amount of $1,824,782,000. The funds generated from the sale of State general obligation bonds will be used for various public purposes, including building, construction, demolition, planning, renovation, conversion, replacement, and capital equipment purchases for State facilities, acquiring related real estate, and providing grants to subdivisions and other organizations for development and improvement projects. The bill also details specific allocations for projects across numerous State departments and agencies, such as school construction, historic preservation, infrastructure upgrades, public safety facilities, higher education institutions, and community development initiatives, with some provisions for matching funds and specific project timelines.

Budget and Finance

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