Reserve Funding Assistance Program - Establishment
What this bill does
Establishing the Reserve Funding Assistance Program to provide funds to residents of common ownership communities in order to assist with the payment of increased assessments as a result of certain reserve studies; authorizing a resident to apply for the Program who is at least 62 years old, has a certain disability, or is unable to work due to an injury or medical condition; and requiring the Governor for fiscal year 2026 and each fiscal year thereafter, to include an appropriation of $10,000,000 in the annual budget bill.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (5)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Wiggins, Grasonlobbyist | CAI MD-LAC | Written (PDF) |
| FAV | McLaughlin, Darlyn | Chief of Staff, Delegate Susan K. McComas | Written (PDF) |
| FAV | Delegate McComas, Delegate McComaslegislator | Individual | Oral |
| FWA | May, Lisalobbyist | Maryland REALTORS | Oral + Written (PDF) |
| INFO | Vykol-Gray, Laura | Maryland Department of Budget and Management OPSB | Written (PDF) |