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HB 470

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Maryland People’s Fund – Establishment

Sponsor: Gabriel Acevero (District 39)Committee: AppropriationsSubject: State Government - Agencies, Offices, and OfficialsStatus: Hearing 2/15 at 1:00 p.m. (as of Nov 15, 2022)

What this bill does

Official synopsis

Establishing the Maryland People's Fund as a special, nonlapsing fund; requiring the interest earnings of the Fund to be credited to the Fund; exempting the Fund from a certain provision of law requiring interest earnings on State money to accrue to the General Fund of the State; and requiring the Comptroller to distribute to the Fund 25% of the Maryland estate tax.

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Testimony (4)

MGA witness list
FAV 1FavorableFWA 2Favorable with amendmentsINFO 1Information only
PositionWitnessOrganizationTestimony
FAVDelegate Acevero, Delegate AceverolegislatorIndividualOral
FWASchumitz, KalilobbyistMaryland Center on Economic PolicyWritten (PDF)
FWAApple, ChrisIndividualOral + Written (PDF)
INFOJefferson , StaceylobbyistMarylanders Against PovertyWritten (PDF)

Organizations on record

Registered lobbyists who testified

FWASchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy
INFOJefferson , StaceyMarylanders Against PovertyRegistered for: Behavioral Health System Baltimore