Legislation - SB1008

Authorizing the Maryland Small Business Development Financing Authority to authorize the provision of a guaranty under the Small Business Guaranty Fund in the form of an irrevocable letter of credit, an official treasurer's check, funds on deposit in an escrow or other depository account, or any other legal instrument promising a financial institution restitution or reimbursement for its loan losses, within the limits of the guaranty.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Ways and Means

Committee Testimony

Witness List

Details

Cross-filed with: HB0601

Bill File Type: Regular

Effective Date(s): October 1, 2025

History

Legislation History
Chamber Senate Calendar Date 2/10/2025 Legislative Date 2/01/2025 Action First Reading Senate Rules Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Economic Development - Small Business Guaranty Fund - Alterations Proceedings
Chamber Senate Calendar Date 2/21/2025 Legislative Date 2/24/2025 Action Rereferred to Finance Proceedings
Chamber Senate Calendar Date 3/04/2025 Legislative Date 3/04/2025 Action Hearing 3/11 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/14/2025 Legislative Date 3/14/2025 Action Favorable with Amendments Report by Finance Proceedings
Chamber Senate Calendar Date 3/14/2025 Legislative Date 2/25/2025 Action Favorable with Amendments {893221/1 Adopted Proceedings 45 Click to view Recorded Media
Chamber Senate Calendar Date 3/14/2025 Legislative Date 2/25/2025 Action Second Reading Passed with Amendments Proceedings 45 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Economic Development - Small Business Guaranty Fund - Alterations Proceedings
Chamber Senate Calendar Date 3/17/2025 Legislative Date 2/28/2025 Action Third Reading Passed (44-0) Proceedings 48 Click to view Recorded Media
Chamber House Calendar Date 3/17/2025 Legislative Date 3/07/2025 Action Referred Ways and Means Proceedings 47 Click to view Recorded Media
Chamber House Calendar Date 3/17/2025 Legislative Date 3/17/2025 Action Hearing 3/27 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/10/2025	2/01/2025	First Reading Senate Rules
			Text - First - Economic Development - Small Business Guaranty Fund - Alterations
Senate	2/21/2025	2/24/2025	Rereferred to Finance
Senate	3/04/2025	3/04/2025	Hearing 3/11 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/14/2025	3/14/2025	Favorable with Amendments Report by Finance
Senate	3/14/2025	2/25/2025	Favorable with Amendments {893221/1 Adopted	45 Click to view Recorded Media
Senate	3/14/2025	2/25/2025	Second Reading Passed with Amendments	45 Click to view Recorded Media
			Text - Third - Economic Development - Small Business Guaranty Fund - Alterations
Senate	3/17/2025	2/28/2025	Third Reading Passed (44-0)	48 Click to view Recorded Media
House	3/17/2025	3/07/2025	Referred Ways and Means	47 Click to view Recorded Media
House	3/17/2025	3/17/2025	Hearing 3/27 at 1:00 p.m.

File Code

Subjects

Statutes