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SB 985

Did not advanceCrossfile HB 692
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Economic Development - County or Municipality Economic Development Authority - Powers and Use of Proceeds

Sponsor: Karen Lewis Young (District 3)Committee: Budget and TaxationSubject: Economic DevelopmentStatus: Hearing 2/21 at 1:00 p.m. (as of Nov 13, 2024)

What this bill does

Official synopsis

Expanding the acceptable names authorized for an economic development authority established by a county or municipal corporation; expanding the powers of an authority, subject to limitations in the articles of incorporation of the authority; authorizing an authority to issue certain bonds in accordance with certain requirements; and expanding the authorized uses of tax increment proceeds.

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Testimony (13)

MGA witness list
FAV 11FavorableFWA 2Favorable with amendments

Organizations on record

Registered lobbyists who testified

FAVCoale, TomPWRJRegistered for: Advantage Capital; Authorium; Baltimore Orioles; CI Renewables; City of Annapolis; Ecphora Capital
FAVCole, MolliRural Maryland CouncilRegistered for: Maryland Troopers Association; Older Adults Technology Services
FAVBagwell, AshlieRegistered for: AbbVie Inc.; Aligned Data Centers; American Academy of Anesthesiology Assistants, Inc.; Atmosphere Data Centers LLC; Baltimore Civic Fund, Inc.; Beltway Fine Wine