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MD SB770

Bill

Status

Introduced

2/6/2026

Primary Sponsor

William Ferguson

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Origin

Senate

2026 Regular Session

AI Summary

  • 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), with 4-year terms beginning July 1

  • Requires the Board to develop a visionary plan for Maryland's future by January 1, 2027, addressing trends in robotics, artificial intelligence, advanced manufacturing, and other disruptive technologies, with annual evaluations and revisions

  • Creates the Maryland's Future Fund as a special, nonlapsing fund to finance Board-recommended projects, with interest earnings credited to the Fund rather than the General Fund

  • Mandates the Board submit project recommendations to the Governor and General Assembly by August 1, 2027, and annually thereafter, covering operating budget allocations, capital budget allocations, and policy implementations

  • Takes effect July 1, 2026, and automatically sunsets on June 30, 2031, after a 5-year period

Legislative Description

Economic Development - Maryland's Future Board - Establishment

Rules and Regulations

Last Action

Favorable with Amendments Report by Finance

3/16/2026

Committee Referrals

Finance2/6/2026

Full Bill Text

No bill text available