HB120
Type: B Origin: House Maryland Comments: 0

Economic Development - Maryland Agricultural And Resource-Based Industry Development Corporation - Loans

Summary
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AI Summary

The bill aims to support economic development in Maryland by authorizing the Maryland Agricultural and Resource-Based Industry Development Corporation to provide loans to agricultural and resource-based businesses. This will help these businesses grow, create jobs, and stimulate the state's economy. The main provisions include granting the corporation the authority to issue loans, set terms and conditions for loans, and establish a loan fund. This bill is expected to have a positive impact on the agricultural and resource-based industries in Maryland by providing them with financial assistance to expand their operations and contribute to the overall economic prosperity of the state.

Bill Activity

  • 2023-10-03: Pre-filed

  • 2024-01-10: First Reading Environment and Transportation

  • 2024-01-10: Hearing 2/07 at 2:30 p.m.

  • 2024-02-19: Favorable with Amendments Report by Environment and Transportation

  • 2024-02-20: Favorable with Amendments {843722/1 Adopted

  • 2024-02-20: Second Reading Passed with Amendments

  • 2024-02-22: Third Reading Passed (134-2)

  • 2024-02-23: Referred Finance

  • 2024-04-03: Favorable with Amendments Report by Finance

  • 2024-04-03: Favorable with Amendments {583728/1 Adopted

  • 2024-04-03: Second Reading Passed with Amendments

  • 2024-04-03: Third Reading Passed (47-0)

  • 2024-04-05: House Concurs Senate Amendments

  • 2024-04-05: Third Reading Passed (130-2)

  • 2024-04-05: Passed Enrolled

  • 2024-05-09: Approved by the Governor - Chapter 574

Overall Bill Rating

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Roll Calls (3):
Amendments (2):
  • Name: Favorable with Amendments 843722/1 Adopted
  • BillId: HB120
  • LegislativeSession: 2024 Regular Session
  • Description: Favorable with Amendments 843722/1 Adopted
  • FloorActionDate: 2024-02-20
  • Pdf:  hb0120_84372201.pdf
  • Name: Favorable with Amendments 583728/1 Adopted
  • BillId: HB120
  • LegislativeSession: 2024 Regular Session
  • Description: Favorable with Amendments 583728/1 Adopted
  • FloorActionDate: 2024-04-03
  • Pdf:  hb0120_58372801.pdf
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