SB 455

Economic Development - Transformational Project Financing Program - Establishment

Sponsor: Jim Rosapepe (District 21)Committee: FinanceSubject: Economic DevelopmentStatus: Hearing 3/31 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 Department of Housing and Community Development to designate certain development districts as State-supported development districts; authorizing a governing body of a political subdivision to apply to the Department for approval as a State-supported development district; requiring the Department 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 (25)

MGA witness list

FAV 18FavorableFWA 3Favorable with amendmentsUNF 1UnfavorableINFO 3Information only

Position	Witness	Organization	Testimony
FAV	Betnun, Nate	Betnun Consulting	Oral
FAV	Hugel, Matt	Catalytic Infrastructure	Written (PDF)
FAV	Struever, Bill	Cross Street Partners	Oral
FAV	Anderson, Karrington	Maryland Association of Counties (MACo)	Written (PDF)
FAV	Anderson, Karrington	Maryland Association of Counties (MACo)	Written (PDF)
FAV	McGee, Christalobbyist	Maryland Realtors	Written (PDF)
FAV	Themelis, Nina	Mayor's Office of Government Relations	Written (PDF)
FAV	Themelis, Nina	Mayor's Office of Government Relations	Written (PDF)
FAV	Elrich, Marc	Montgomery County Government	Written (PDF)
FAV	Madaleno, Richard	Montgomery County Government	Oral
FAV	Wenger, Melanie	Montgomery County Government	Written (PDF)
FAV	Coale, Tomlobbyist	PWRJ	Oral
FAV	Mayhew, Kim	Perry Jacobson, LLC	Written (PDF)
FAV	Manekin, Thibault	Seawall	Oral
FAV	Kelly, Kevin	UMB	Written (PDF)
FAV	Libber, Matt	Individual	Written (PDF)
FAV	Senator Rosapepe, Senator Rosapepelegislator	Individual	Oral
FAV	Senator Rosapepe, Senator Rosapepelegislator	Individual	Oral
UNF	Mauer, William	Individual	Position only
FWA	Rolley, Otis	Baltimore Development Corporation	Oral + Written (PDF)
FWA	Fiore, Justin	Maryland Municipal League	Oral + Written (PDF)
FWA	Fiore, Justin	Maryland Municipal League	Written (PDF)
INFO	Sadowski Jr., J. Thomas	Maryland Economic Development Corporation (MEDCO)	Written (PDF)
INFO	Davis, Dereck	Maryland State Treasurer's Office	Written (PDF)
INFO	Davis, Dereck	Maryland State Treasurer's Office	Written (PDF)

Organizations on record

Baltimore Development CorporationFWA 1

Betnun ConsultingFAV 1

Catalytic InfrastructureFAV 1

Cross Street PartnersFAV 1

Maryland Association of Counties (MACo)FAV 2

Maryland Economic Development Corporation (MEDCO)INFO 1

Maryland Municipal LeagueFWA 2

Maryland RealtorsFAV 1

Maryland State Treasurer's OfficeINFO 2

Mayor's Office of Government RelationsFAV 2

Montgomery County GovernmentFAV 3

Perry Jacobson, LLCFAV 1

PWRJFAV 1

SeawallFAV 1

UMBFAV 1

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…