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MD SB770
Bill
Status
2/6/2026
Primary Sponsor
William Ferguson
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AI Summary
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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
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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
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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
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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
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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