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MD SB248
Bill
Status
2/12/2026
Primary Sponsor
Pamela Beidle
Click for details
AI Summary
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Maryland Technology Development Corporation must adopt regulations establishing a process for considering remedies, including divestment, for investments in businesses that no longer meet the definition of a qualified business
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Changes the 15-year divestment requirement from mandatory to discretionary, allowing the Corporation to divest investments only after review and approval by its investment committee
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Authorizes the Corporation to pursue alternative remedies beyond divestment that are in the Corporation's best interest when addressing investments in non-qualifying businesses
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Effective date: July 1, 2026
Legislative Description
Maryland Technology Development Corporation - Investments - Alterations
Rules and Regulations
Last Action
Referred Economic Matters
2/13/2026