Bill > SB770

This bill establishes the Maryland's Future Board within the Department of Commerce, tasked with developing and revising a "visionary plan" for the state's future, which is defined as a forward-thinking strategy for an equitable, prosperous, and livable state with opportunities for all, considering future trends in areas like robotics, artificial intelligence, and advanced manufacturing. The Board will also recommend "projects"—which can include allocations from the state's operating or capital budgets, or the implementation of policies to advance the state's socioeconomic well-being—to the Governor and General Assembly based on this plan. To fund these projects, the bill creates the Maryland's Future Fund, a special, nonlapsing fund administered by the Department of Commerce, where interest earnings will be credited to the fund itself, ensuring that the fund's growth benefits its intended purpose. The bill also includes provisions for the composition and appointment of the Board members, requiring them to be visionary thinkers from diverse backgrounds, and mandates that the Comptroller conduct a study on economic growth trends and report findings to the General Assembly.

Budget and Finance, Business and Industry

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0770?ys=2026RS