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MD HB972

MD HB972
Maryland Fair and Agricultural Education Promise Fund - Establishment (Maryland Fair and Agricultural Education Promise Act)


summary

Introduced
02/06/2026
In Committee
02/06/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

Establishing the Maryland Fair and Agricultural Education Promise Fund to provide grants that advance agricultural fairs and education in the State; requiring interest earnings of the Fund to be credited to the Fund; requiring certain proceeds from the State lottery, before being allocated to the General Fund, to be allocated to the Fund; and repealing the requirement that a certain amount of annual proceeds from the State horse racing Special Fund be used to promote State agricultural fairs and education.

AI Summary

This bill establishes the Maryland Fair and Agricultural Education Promise Fund, a dedicated fund managed by the Comptroller, to provide grants that support agricultural fairs and education across the state. The fund will receive revenue from the State Lottery, with a specific amount of $1,450,000 annually designated for it after other lottery distributions, and any interest earned on its investments will also be added to the fund, meaning it will not go to the General Fund. This new fund will replace previous funding mechanisms for agricultural fairs and education that were previously allocated from the State horse racing Special Fund, and it will provide annual grants to organizations like the Maryland Agricultural Fair Board, the Maryland Agricultural Education Foundation, Inc., and the Maryland State Fair and Agricultural Society, Inc., for purposes such as promoting fairs, enhancing agricultural education, and supporting youth programs.

Committee Categories

Transportation and Infrastructure

Sponsors (11)

Last Action

House Environment and Transportation Hearing (13:00:00 2/25/2026 ) (on 02/25/2026)

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