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MD HB432
Bill
Status
1/16/2025
Primary Sponsor
Mark Edelson
Click for details
AI Summary
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Requires the Governor to include at least $80,533,314 from the Transportation Trust Fund in the annual budget for the Locally Operated Transit System Grant Program starting in fiscal year 2026
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Beginning in fiscal year 2027, the annual appropriation must increase based on growth in the Consumer Price Index for All Urban Consumers (CPI-U), capped at 5% per year
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CPI-U growth is calculated by comparing the 12-month average ending June 30 to the prior 12-month average
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If the CPI-U declines or shows no growth, the appropriation remains at the prior fiscal year's level
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Takes effect July 1, 2025
Legislative Description
Locally Operated Transit Systems - Mandatory Funding - Inflation Adjustment (Local Transit Sustainability Act)
Governor
Last Action
Hearing 2/11 at 1:00 p.m.
1/31/2025