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MD SB769
Bill
Status
2/6/2026
Primary Sponsor
Budget and Taxation
Click for details
AI Summary
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Authorizes the University System of Maryland to issue up to $26,000,000 in bonds for three specific projects: Towson University electrical substation expansion, University of Maryland College Park Health and Human Sciences Complex, and Rita Colwell Center deferred maintenance in Baltimore City
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Authorizes an additional $24,000,000 in bonds for systemwide capital facilities renewal projects across existing academic facilities at USM constituent institutions and centers
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Bonds issued under this act are not a debt or obligation of the State of Maryland or any political subdivision, and must state this on their face
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Total bonding authority granted is $50,000,000 combined for named projects and facility renewal
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Effective date: June 1, 2026
Legislative Description
University System of Maryland - Academic Facilities Bonding Authority
Higher Education
Last Action
Hearing 3/03 at 1:30 p.m.
2/11/2026