Bill > HB1473

This bill establishes the Maryland's Future Board within the Department of Commerce, comprised of seven members appointed by the Governor, Senate President, and House Speaker, who are visionary thinkers with diverse backgrounds, to develop and revise a "visionary plan" by January 1, 2027. A visionary plan is defined as a forward-thinking strategy that envisions an equitable, prosperous, and livable state with opportunities for all, not constrained by current conditions, and considering future trends in areas like robotics, artificial intelligence, and advanced manufacturing. The Board will also recommend projects to the Governor and General Assembly that align with this plan and contribute to the state's economic strength. To fund these recommended projects, the bill creates the Maryland's Future Fund, a special, nonlapsing fund administered by the Department of Commerce, which will receive state appropriations, interest earnings, and other accepted money. Importantly, any interest earned by this fund will be credited back to the fund itself, rather than going to the state's General Fund, and this provision, along with the Board's existence, will remain in effect for five years, ending on June 30, 2031.

Business and Industry

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1473?ys=2026RS