MD HB932

Governor must place all financial interests into a certified blind trust approved by the State Ethics Commission within 6 months of taking office, or divest interests the Commission determines create conflicts with public duties

"Restricted individuals" whose interests trigger disclosure requirements include the Governor's spouse, parents, siblings, children, in-laws, grandparents, grandchildren, and non-employee household residents

Business entities seeking State grants, competitive awards, or contracts must report to the Ethics Commission any ownership interest held by the Governor or restricted individuals (10%+ of corporate stock or any partnership/LLC interest)

Governor must enter nonparticipation agreements with the Ethics Commission for any interests not placed in the blind trust, prohibiting involvement in related matters including Board of Public Works decisions

Ethics Commission may impose fines up to $5,000 per violation; knowingly and willfully violating business entity disclosure requirements is a misdemeanor punishable by up to $10,000 fine and/or 1 year imprisonment; act takes effect October 1, 2025