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MD HB391
Bill
AI Summary
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Authorizes $1,824,782,000 in State debt for the Maryland Consolidated Capital Bond Loan of 2026, with net new debt capped at $1,750,000,000 after $74,782,000 in reductions to previously authorized debt from 2015-2025 bond loans
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Allocates major funding for education including $300 million for Public School Construction Program, $70 million for Nancy K. Kopp Public School Facilities Priority Fund, $80 million for Supplemental Capital Grant Program, and $52.36 million for Community College Construction grants
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Provides substantial funding for higher education facilities including $106.99 million for Morgan State University's New Science Center Phase II, $43.73 million for University of Maryland Baltimore's School of Social Work, and $40.49 million for Morgan State's electric infrastructure upgrades
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Funds housing and community development programs totaling over $239 million, including $65 million for Rental Housing Programs, $60 million for Strategic Demolition Fund, $20 million each for Baltimore Regional Neighborhood Initiative and National Capital Strategic Economic Development Fund
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Includes preauthorization acts for fiscal years 2027-2029 totaling approximately $660.9 million for ongoing projects including the Supreme Court of Maryland Building, community college construction, Morgan State infrastructure, and Maryland School for the Deaf student residences
Legislative Description
Creation of a State Debt – Maryland Consolidated Capital Bond Loan of 2026, and the Maryland Consolidated Capital Bond Loans of 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, and 2025
State Bonds
Last Action
First Reading Appropriations
1/21/2026