HB 1203

Enacted

Economic Development - Strategic Infrastructure Revolving Loan Program and Tax Increment Financing

Sponsor: Stephanie Smith (District 45)Committee: Ways and MeansSubject: Economic DevelopmentStatus: Approved by the Governor - Chapter 449 (as of Nov 13, 2024)

What this bill does

Official synopsis

Establishing the Strategic Infrastructure Revolving Loan Program in the Maryland Economic Development Corporation to make loans for targeted investments in real estate and infrastructure projects located in sustainable communities, priority funding areas, and transit-oriented development areas; establishing the Strategic Infrastructure Revolving Loan Fund; authorizing the Corporation, with certain approval of a certain governing body, to pledge certain revenues generated within a certain area for certain purposes; etc.

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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 (21)

MGA witness list

FAV 20FavorableUNF 1Unfavorable

Position	Witness	Organization	Testimony
FAV	Hudson, Lee	Delaware-Maryland Synod, ELCA	Position only
FAV	Cook, Chuck	Department of Housing and Community Development	Written (PDF)
FAV	Cook, Chuck	Department of Housing and Community Development	Written (PDF)
FAV	Fitchitt, Greg	Howard Hughes Holdings	Written (PDF)
FAV	Stegman, Theresa	MCB Real Estate LLC	Oral + Written (PDF)
FAV	Sadowski, J. Thomas	MEDCO	Oral + Written (PDF)
FAV	Sadowski, J. Thomas	MEDCO	Written (PDF)
FAV	Butchko, Dominic	Maryland Association of Counties (MACo)	Written (PDF)
FAV	Butchko, Dominic	Maryland Association of Counties (MACo)	Written (PDF)
FAV	Hartman, Jaclyn	Maryland Department of Transportation	Oral
FAV	Westervelt, Patricia	Maryland Department of Transportation	Written (PDF)
FAV	Ross, Justinlobbyist	RISE Investment Partners	Written (PDF)
FAV	King, Kristin	TRADEPOINT ATLANTIC	Written (PDF)
FAV	Mfume, Christopher	The Civic Group	Written (PDF)
FAV	Buckler, Lauren	Individual	Written (PDF)
FAV	Buckler, Lauren	Individual	Written (PDF)
FAV	Corasaniti, Nora	Individual	Written (PDF)
FAV	Delegate Smith, Delegate Smithlegislator	Individual	Oral
FAV	Delegate Smith, Delegate Smithlegislator	Individual	Oral
FAV	Frome, Bradlobbyist	Individual	Oral + Written (PDF)
UNF	Love, William	Individual	Position only

Organizations on record

Delaware-Maryland Synod, ELCAFAV 1

Department of Housing and Community DevelopmentFAV 2

Howard Hughes HoldingsFAV 1

Maryland Association of Counties (MACo)FAV 2

Maryland Department of TransportationFAV 2

MCB Real Estate LLCFAV 1

MEDCOFAV 2

RISE Investment PartnersFAV 1

The Civic GroupFAV 1

TRADEPOINT ATLANTICFAV 1

Registered lobbyists who testified

FAVRoss, JustinRISE Investment PartnersRegistered for: 35 Ventures, LLC.; Calvin Cafritz Enterprises; Green Vest, LLC.; Home Team 5; IonQ; Peterson Companies…

FAVFrome, BradRegistered for: 35 Ventures, LLC.; Calvin Cafritz Enterprises; Green Vest, LLC.; Home Team 5; IonQ; Peterson Companies…