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MD SB770

Bill

Status

Enrolled

4/10/2026

Primary Sponsor

William Ferguson

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Establishes the Maryland's Future Board under the Department of Commerce with 8 members: 3 appointed by the Governor, the Comptroller or designee, 2 by the Senate President, and 2 by the House Speaker, serving 4-year terms

  • Requires the Board to develop a visionary plan for Maryland's future by January 1, 2027, with annual evaluations and project recommendations due each August 1 starting in 2027

  • Creates the Maryland's Future Fund as a special, nonlapsing fund to finance Board-recommended projects, with interest earnings retained in the Fund

  • Requires the Comptroller to study Maryland's economic growth trends, including state migration, AI job displacement, and workforce training needs, with a report due by December 1, 2026

  • Act takes effect July 1, 2026 and automatically sunsets on June 30, 2031

Legislative Description

Economic Development - Maryland's Future Board - Establishment

Rules and Regulations

Last Action

Returned Passed

4/10/2026

Committee Referrals

Economic Matters3/21/2026
Finance2/6/2026

Full Bill Text

No bill text available