Bill > HB392

This bill, the Budget Reconciliation and Financing Act of 2026, makes numerous changes to state funding and programs, including altering required appropriations for various initiatives like the Maryland Healthy Soils Program and the Maryland Native Plants Program, adjusting funding levels for the Tri-County Council for Southern Maryland and the Coordinated Community Supports Partnership Fund, and modifying the distribution of funds for community colleges and higher education institutions, such as the Joseph A. Sellinger Program. It also authorizes the use of certain funds for specific purposes, such as the Cannabis Business Assistance Fund for grants and loans to small, minority, and women-owned businesses in the adult-use cannabis industry, and allows for the use of the Advance Directive Program Fund for maternal and child health quality initiatives in fiscal year 2027. The bill further modifies eligibility for certain programs by adjusting appropriation timelines and amounts for programs like the Maryland Community College Promise Scholarships and the Maryland Police Officers and Probation Agents Scholarship Program, and it alters the distribution of revenue by reallocating funds from the Cigarette Restitution Fund and the Waterway Improvement Fund. Additionally, it provides modifications to federal adjusted gross income for Maryland income tax purposes for manufacturing entities regarding certain depreciation deductions allowed under federal tax law, and it adjusts the timing and amounts of county government contributions to the Teachers' Retirement and Pension Systems. Finally, the bill includes provisions for transferring funds to the General Fund from various accounts, including the Maryland Strategic Energy Investment Fund and the Fiscal Responsibility Fund, and allows for the repurposing of certain unexpended appropriations.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0392?ys=2026RS