Maryland legislation · 2025 Regular Session
Maryland HB351: Creation of a State Debt - Maryland Consolidated Capital Bond Loan of 2025, and the Maryland Consolidated Capital Bond Loans of
Status: Chaptered, May 20, 2025
Authorizing the creation of a State Debt in the amount of $1,814,825,000, the proceeds to be used for certain necessary building, construction, demolition, planning, renovation, conversion, replacement, and capital equipment purchases of the State, for acquiring certain real estate in connection therewith, and for grants to certain subdivisions and other organizations for certain development and improvement purposes; etc.
What the bill says
An act concerning Creation of a State Debt - Maryland Consolidated Capital Bond Loan of 2025, and the Maryland Consolidated Capital Bond Loans of 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, and 2024 FOR the purpose of authorizing the creation of a State Debt in the amount of One Billion, Eight Hundred and Fourteen Million, Eight Hundred and Twenty-Five Thousand Dollars ($1,814,825,000) One Billion, Seven Hundred and Sixty-Three Million, Three Hundred and Twenty-Five Thousand Dollars ($1,763,325,000) One Billion, Eight Hundred and Thirteen Million, Nine Hundred…
From the enrolled text, June 2, 2025:
AN ACT concerning Creation of a State Debt - Maryland Consolidated Capital Bond Loan of 2025, and the Maryland Consolidated Capital Bond Loans of 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, and 2024 FOR the purpose of authorizing the creation of a State Debt in the amount of One Billion, Eight Hundred and Fourteen Million, Eight Hundred and Twenty-Five Thousand Dollars ($1,814,825,000) One Billion, Seven Hundred and Sixty-Three Million, Three Hundred and Twenty-Five Thousand Dollars ($1,763,325,000) One Billion, Eight Hundred and Thirteen Million, Nine Hundred and Thirty-Two Thousand, One Hundred and Seventy-Seven Dollars ($1,813,932,177) One Billion, Eight Hundred and Fourteen Million, Eight Hundred and Twenty-Five Thousand Dollars ($1,814,825,000), the proceeds to be used for certain necessary building, construction, demolition, planning, renovation, conversion, replacement, and capital equipment purchases of the State, for acquiring certain real estate in connection therewith, and for grants to certain subdivisions and other organizations for certain development and improvement purposes; withholding certain funds until certain reports are provided, subject to certain requirements that certain matching funds be provided and expended by certain dates; providing generally for the issuance and sale of bonds evidencing the loan; imposing a certain tax on all assessable property in the State; requiring that certain grantees convey certain easements under certain circumstances to the Maryland Historical Trust; …