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SB 248

Maryland Senate bill in Session 2026.

Status: passed_upper. Latest action: April 10, 2026.

Maryland Technology Development Corporation - Investments - Alterations.

Bill ID MD-2026-SB-248
Session 2026
Status passed_upper
Committee Finance; Economic Matters
Senate passed_upper 2026-04-10
Business / Commerce
Summary

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.

Sponsor
Senator Beidle
Official Source Back to Bills
Actions Timeline
Date Event Detail
0000-00-00 Status passed_upper
2026-01-16 Introduced Bill introduced
2026-04-10 Latest Action In the House - Second Reading Passed
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