Maryland · HB487

Maryland Technology Development Corporation - Investments - Alterations

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Signed — now law

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Stage 6 of 6Signature

1
Sponsors: 2
Votes: May 12
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In plain words

AI summary

Written by AI from the bill text. Check the official text before relying on it.

Description

Requiring the Maryland Technology Development Corporation to adopt certain regulations regarding the consideration of remedies for investments in certain businesses that no longer meet the definition of a qualified business for purposes of provisions of law governing the Corporation; authorizing, rather than requiring, the Corporation to divest itself of an interest under certain circumstances; and authorizing the Corporation to pursue certain other remedies under those circumstances.

Progress

IntroducedJan 23, 2026
Sent to committeeJan 28, 2026
Committee said yesFeb 24, 2026
Passed the first chamberFeb 25, 2026
PassedFeb 26, 2026
Committee said yesMar 30, 2026
Became lawMay 12, 2026

From official state and federal legislative records. Informational only, not legal advice.