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HB 506

Did not advanceCrossfile SB 455
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Economic Development - Transformational Project Financing Program - Establishment

Sponsor: Lily Qi (District 15)Committee: Economic MattersSubject: Economic DevelopmentStatus: Hearing 2/24 at 1:00 p.m. (Economic Matters) (as of Sep 4, 2026)

What this bill does

Official synopsis

Establishing the Transformational Project Financing Program in the Maryland Economic Development Corporation to designate certain development districts as State-supported development districts; authorizing a governing body of a political subdivision to apply to the Corporation for approval as a State-supported development district; requiring the Corporation to publish at least annually a summary of approved State-supported development districts; providing for the eligibility for and calculation of certain State revenue; etc.

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Testimony (12)

MGA witness list
FAV 9FavorableFWA 1Favorable with amendmentsINFO 2Information only
PositionWitnessOrganizationTestimony
FAVHugel, MattCatalytic InfrastructureOral
FAVStruever, BillCross Street PartnersOral
FAVBall, CalvinHoward County ExecWritten (PDF)
FAVSanderson, MichaelMaryland Association of Counties (MACo)Oral + Written (PDF)
FAVMcGee, ChristalobbyistMaryland RealtorsWritten (PDF)
FAVElrich, MarcMontgomery County GovernmentOral + Written (PDF)
FAVCoale, TomlobbyistPWRJOral
FAVDelegate Qi, Delegate QilegislatorIndividualOral
FAVLibber, MattIndividualWritten (PDF)
FWAFiore, JustinMaryland Municipal LeagueWritten (PDF)
INFOSadowski Jr., J. ThomasMaryland Economic Development Corporation (MEDCO)Written (PDF)
INFODavis, DereckMaryland State Treasurer's OfficeWritten (PDF)

Organizations on record

Registered lobbyists who testified

FAVMcGee, ChristaMaryland RealtorsRegistered for: Maryland REALTORS; Maryland Association of Realtors
FAVCoale, TomPWRJRegistered for: Advantage Capital; Authorium; Baltimore Orioles; CI Renewables; City of Annapolis; Ecphora Capital