Bill > SB770

This bill establishes the Maryland's Future Board within the Department of Commerce, tasked with creating a "visionary plan" by January 1, 2027, which is defined as a forward-thinking strategy for an equitable, prosperous, and livable state that provides opportunities for all residents, considering future trends in areas like robotics, artificial intelligence, and advanced manufacturing, and is not limited by current technology, infrastructure, or fiscal conditions. The Board will also recommend projects to the Governor and General Assembly to advance the state's economic strength, and these recommended projects will be funded by the newly created Maryland's Future Fund, which is a special, nonlapsing fund administered by the Department of Commerce. Additionally, the bill requires the Comptroller to conduct a study on economic growth trends in Maryland, including factors like migration and job replacement due to artificial intelligence, and report the findings to the General Assembly by December 1, 2026, with the entire act set to expire after five years on June 30, 2031.