Bill
Bill > HB953
summary
Introduced
02/05/2026
02/05/2026
In Committee
02/05/2026
02/05/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Authorizing the Governor, unless the transfer would result in an Account balance below 5% of the General Fund revenues for the fiscal year and subject to the approval of the Board of Public Works, to transfer funds from the Revenue Stabilization Account to the State Disaster Recovery Fund.
AI Summary
This bill allows the Governor to transfer funds from the Revenue Stabilization Account, which is a state fund designed to help stabilize government finances, to the State Disaster Recovery Fund, which is used to help with the costs of responding to and recovering from disasters. This transfer can happen unless it would cause the Revenue Stabilization Account's balance to drop below 5% of the state's estimated General Fund revenues for that fiscal year, and it also requires the approval of the Board of Public Works, a state oversight committee.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
House Appropriations Hearing (13:00:00 3/10/2026 ) (on 03/10/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0953?ys=2026RS |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/hb/hb0953f.pdf |
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