Maryland legislation · 2026 Regular Session
Maryland HB953: Revenue Stabilization Account - Transfer of Funds - State Disaster Recovery Fund
Status: Signed into law, May 12, 2026
Authorizing the Governor, unless the transfer would result in an Account balance below 5% of the General Fund revenues for the fiscal year and subject to the approval of the Board of Public Works, to transfer funds from the Revenue Stabilization Account to the State Disaster Recovery Fund.
What the bill says
An act concerning Revenue Stabilization Account - Transfer of Funds - State Disaster Recovery Fund FOR the purpose of authorizing the Governor, subject to the approval of the Board of Public Works, to transfer funds from the Revenue Stabilization Account to the State Disaster Recovery Fund; and generally relating to the transfer of funds from the Revenue Stabilization Account…
From the enrolled text, May 19, 2026:
AN ACT concerning Revenue Stabilization Account - Transfer of Funds - State Disaster Recovery Fund FOR the purpose of authorizing the Governor, subject to the approval of the Board of Public Works, to transfer funds from the Revenue Stabilization Account to the State Disaster Recovery Fund; and generally relating to the transfer of funds from the Revenue Stabilization Account. BY repealing and reenacting, without amendments, Article - Public Safety Section 14-110.5(a) Annotated Code of Maryland (2022 Replacement Volume and 2025 Supplement) BY repealing and reenacting, with amendments, Article - Public Safety Section 14-110.5(f) Annotated Code of Maryland (2022 Replacement Volume and 2025 Supplement) BY repealing and reenacting, without amendments, Article - State Finance and Procurement Section 7-311(a)(1) and (2) Annotated Code of Maryland (2021 Replacement Volume and 2025 Supplement) BY repealing and reenacting, with amendments, Article - State Finance and Procurement Section 7-311(g) Annotated Code of Maryland (2021 Replacement Volume and 2025 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article - Public Safety 14-110.5. (a) (1) In this section the following words have the meanings indicated. Ch. 450 2026 LAWS OF MARYLAND (2) "Fund" means the State Disaster Recovery Fund. (3) "Local Disaster Declaration" means a formal request for State disaster relief and recovery assistance made as …
Sponsors
- Jason Buckel (R, HD-001B) · primary sponsor
- Jim Hinebaugh (R, HD-001)
Latest actions
- : Approved by the Governor - Chapter 450
- : Returned Passed
- : Third Reading Passed (36-0)
- : Second Reading Passed
- : Favorable Adopted
- : Favorable Report by Budget and Taxation
- : Hearing 3/24 at 1:00 p.m.
- : Referred Budget and Taxation
- : Third Reading Passed (131-0)
- : Second Reading Passed
Votes
- Third Reading Passed (36-0) (April 13, 2026): 36 yea, 0 nay, passed
- Third Reading Passed (131-0) (March 17, 2026): 131 yea, 0 nay, passed
Common questions
- What is HB953?
- HB953 is a bill in the Maryland Legislature (2026 Regular Session): Revenue Stabilization Account - Transfer of Funds - State Disaster Recovery Fund.
- What does HB953 do?
- In its own words: An act concerning Revenue Stabilization Account - Transfer of Funds - State Disaster Recovery Fund FOR the purpose of authorizing the Governor, subject to the approval of the Board of Public Works, to transfer funds from the Revenue Stabilization Account to the State Disaster Recovery Fund; and generally relating to the transfer of funds from the Revenue Stabilization Account…
- What is the status of HB953?
- Signed into law as of May 12, 2026. Latest action: Approved by the Governor - Chapter 450 (May 12, 2026).
- Who sponsored HB953?
- Jason Buckel (R, HD-001B), with 1 co-sponsor.
- Where is the official record for HB953?
- On the Maryland Legislature website: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/hb0953?ys=2026RS
Source: official Maryland record. Tracked by Delilah, AI for legislation across all 50 states and Congress.