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MD HB1473
Bill
AI Summary
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Establishes the Maryland's Future Board within the Department of Commerce, consisting of 7 members appointed by the Governor (3), Senate President (2), and House Speaker (2), serving 4-year terms without compensation
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Requires the Board to develop a visionary plan for Maryland's future by January 1, 2027, addressing areas including robotics, artificial intelligence, advanced manufacturing, and other disruptive technologies
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Creates the Maryland's Future Fund as a special, nonlapsing fund to finance projects recommended by the Board, with interest earnings credited back to the Fund
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Mandates annual submission of project recommendations to the Governor and General Assembly beginning August 1, 2027, covering operating budget allocations, capital budget allocations, and policy implementations
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Act takes effect July 1, 2026 and automatically sunsets on June 30, 2031 (5-year duration) without requiring further legislative action
Legislative Description
Economic Development - Maryland's Future Board - Establishment
Rules and Regulations
Last Action
Favorable Report by Economic Matters
3/16/2026