2025 Regular SessionMaryland Legislature

HB601: Economic Development - Small Business Guaranty Fund - Alterations

Legislative Summary

Authorizing the Maryland Small Business Development Financing Authority to authorize the provision of a guaranty under the Small Business Guaranty Fund in 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.

Demographic Impact

Overall analysis of equity impact

60% Positive
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/23/2025
First Reading Ways and Means
House of Delegates
1/31/2025
Hearing 2/20 at 1:00 p.m.
House of Delegates
3/14/2025
Favorable with Amendments Report by Ways and Means
House of Delegates
3/14/2025
Favorable with Amendments {443620/1 Adopted
House of Delegates
3/14/2025
Second Reading Passed with Amendments
House of Delegates
3/14/2025
Third Reading Passed (135-3)
House of Delegates
3/17/2025
Referred Finance
Senate
3/27/2025
Favorable Report by Finance
Senate
3/28/2025
Favorable Adopted Second Reading Passed
Senate
4/2/2025
Third Reading Passed (46-0)
Senate
4/2/2025
Returned Passed
House of Delegates
4/8/2025
Approved by the Governor - Chapter 3
House of Delegates

Amendments

Favorable with Amendments 443620/1 Adopted

Favorable with Amendments 443620/1 Adopted

3/14/2025Adopted

Roll Call Votes

Third Reading Passed
3/14/2025
135
Yea
3
Nay
1
Not Voting
2
Absent
Result: PASSED

Status Information

Current Status
Passed(4/8/2025)
Chamber
House of Delegates

Documents

Chaptered
Bill Text4/10/202590.7 KB
Engrossed
Bill Text3/14/2025104.7 KB
Introduced
Bill Text1/23/202592.7 KB
Vote Image
Vote Image1/1/197039.0 KB
Vote Image
Vote Image1/1/197037.0 KB