Maryland 2022 Regular Session

Maryland Senate Bill SB826 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	LAWRENCE J. HOGAN, JR., Governor Ch. 384
2	1
3		-	– 1 –
4		-	Chapter 384
5		-	(Senate Bill 826)
6	2
7		-	AN ACT concerning
	3	+	EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
	4	+	[Brackets] indicate matter deleted from existing law.
	5	+	Underlining indicates amendments to bill.
	6	+	Strike out indicates matter stricken from the bill by amendment or deleted from the law by
	7	+	amendment.
	8	+	Italics indicate opposite chamber/conference committee amendments.
	9	+	sb0826
8	10
9		-	Economic Development – Maryland Watermen’s Microloan
10		-	Program – Establishment
	11	+	SENATE BILL 826
	12	+	C8 (2lr2541)
	13	+	ENROLLED BILL
	14	+	— Finance/Environment and Transportation and Ways and Means —
	15	+	Introduced by Senators Klausmeier, Bailey, Carozza, Eckardt, Jackson, and West
	16	+	West, Hershey, Jennings, and Salling
11	17
12		-	FOR the purpose of establishing the Maryland Watermen’s Microloan Program in the
13		-	Maryland Agricultural and Resource–Based Industry Development Corporation;
14		-	providing for certain loans to eligible watermen and seafood processing businesses
15		-	under the Program; and generally relating to the Maryland Watermen’s Microloan
16		-	Program.
	18	+	Read and Examined by Proofreaders:
17	19
18		-	BY renumbering
19		-	Article – Economic Development
20		-	Section 10–526 and 10–527, respectively
21		-	to be Section 10–527 and 10–528, respectively
22		-	Annotated Code of Maryland
23		-	(2018 Replacement Volume and 2021 Supplement)
	20	+	_______________________________________________
	21	+	Proofreader.
	22	+	_______________________________________________
	23	+	Proofreader.
24	24
25		-	BY adding to
26		-	Article – Economic Development
27		-	Section 10–526
28		-	Annotated Code of Maryland
29		-	(2018 Replacement Volume and 2021 Supplement)
	25	+	Sealed with the Great Seal and presented to the Governor, for his approval this
30	26
31		-	~~Preamble~~
	27	+	_______ day of _______________ at ________________________ o’clock, ________M.
32	28
33		-	WHEREAS, For generations Maryland watermen have labored to harvest delicious
34		-	fish and shellfish products from the Chesapeake Bay for the benefit of consumers in this
35		-	State and beyond; and
	29	+	______________________________________________
	30	+	President.
36	31
37		-	WHEREAS, Maryland’s iconic seafood industry has contributed greatly to
38		-	Maryland’s economy and stature as a wonderful tourist destination and a great place to
39		-	live; and
	32	+	CHAPTER ______
40	33
41		-	WHEREAS, Maryland watermen have historically had a difficult time accessing
42		-	affordable commercial capital and credit; and
	34	+	AN ACT concerning 1
43	35
44		-	WHEREAS, Maryland’s generational watermen have faced many challenges in
45		-	recent years and were especially hard–hit during the COVID–19 pandemic due to loss of
46		-	markets; now, therefore,
	36	+	Economic Development – Maryland Watermen’s Microloan 2
	37	+	Program – Establishment 3
47	38
48		-	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND,
49		-	That Section(s) 10–526 and 10–527, respectively, of Article – Economic Development of the Ch. 384 2022 LAWS OF MARYLAND
	39	+	FOR the purpose of establishing the Maryland Watermen’s Microloan Program in the 4
	40	+	Maryland Agricultural and Resource–Based Industry Development Corporation; 5
	41	+	providing for certain loans to eligible watermen and seafood processing businesses 6
	42	+	under the Program; and generally relating to the Maryland Watermen’s Microloan 7
	43	+	Program. 8
50	44
51		-	– 2 –
52		-	Annotated Code of Maryland be renumbered to be Section(s) 10–527 and 10–528,
53		-	respectively.
	45	+	BY renumbering 9
	46	+	Article – Economic Development 10
	47	+	Section 10–526 and 10–527, respectively 11
	48	+	to be Section 10–527 and 10–528, respectively 12
	49	+	Annotated Code of Maryland 13 2 SENATE BILL 826
54	50
55		-	SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland read
56		-	as follows:
57	51
58		-	~~Article – Economic Development~~
	52	+	(2018 Replacement Volume and 2021 Supplement) 1
59	53
60		-	10–526.
	54	+	BY adding to 2
	55	+	Article – Economic Development 3
	56	+	Section 10–526 4
	57	+	Annotated Code of Maryland 5
	58	+	(2018 Replacement Volume and 2021 Supplement) 6
61	59
62		-	(A) (1) IN THIS SECTION THE F OLLOWING WORDS HAVE THE MEANINGS
63		-	INDICATED.
	60	+	Preamble 7
64	61
65		-	(2) “BEGINNER WATERMAN ” MEANS AN INDIVIDUAL WHO HAS:
	62	+	WHEREAS, For generations Maryland watermen have labored to harvest delicious 8
	63	+	fish and shellfish products from the Chesapeake Bay for the benefit of consumers in this 9
	64	+	State and beyond; and 10
66	65
67		-	(I) A TIDAL FISH LICENSE UNDER § 4–701 OF THE NATURAL
68		-	RESOURCES ARTICLE; AND
	66	+	WHEREAS, Maryland’s iconic seafood industry has contrib uted greatly to 11
	67	+	Maryland’s economy and stature as a wonderful tourist destination and a great place to 12
	68	+	live; and 13
69	69
70		-	~~(II) AT LEAST 2 YEARS AND NOT MORE T HAN 10 YEARS OF~~
71		-	~~EXPERIENCE IN COMMER CIAL SEAFOOD HARVEST ING.~~
	70	+	WHEREAS, Maryland watermen have historically had a difficult time accessing 14
	71	+	affordable commercial capital and credit; and 15
72	72
73		-	(3) “GENERATIONAL WATERMAN ” MEANS AN INDIVIDUAL WHO:
	73	+	WHEREAS, Maryland ’s generational watermen have faced many challenges in 16
	74	+	recent years and were especially hard–hit during the COVID–19 pandemic due to loss of 17
	75	+	markets; now, therefore, 18
74	76
75		-	(I) HAS A TIDAL FISH LIC ENSE UNDER § 4–701 OF THE
76		-	NATURAL RESOURCES ARTICLE; AND
	77	+	SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 19
	78	+	That Section(s) 10–526 and 10–527, respectively, of Article – Economic Development of the 20
	79	+	Annotated Code of Maryland be renumbered to be Section(s) 10 –527 and 10–528, 21
	80	+	respectively. 22
77	81
78		-	(II) CAN DEMONSTRATE , THROUGH THE SUBMISSI ON OF THE
79		-	TWO MOST RECENT FEDE RAL INCOME TAX RETUR NS AND OTHER SUPPORT ING
80		-	DOCUMENTS , THAT AT LEAST 50% OF THE INDIVIDUAL ’S ANNUAL INCOME IS
81		-	DERIVED FROM COMMERC IAL SEAFOOD HARVESTI NG.
	82	+	SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland read 23
	83	+	as follows: 24
82	84
83		-	(4) “PROGRAM” MEANS THE MARYLAND WATERMEN’S MICROLOAN
84		-	PROGRAM.
	85	+	Article – Economic Development 25
85	86
86		-	~~(5) “QUALIFIED COMMERCIAL FISHERMAN” INCLUDES:~~
	87	+	10–526. 26
87	88
88		-	(I) A BEGINNER WATERMAN ; AND
	89	+	(A) (1) IN THIS SECTION THE F OLLOWING WORDS HAVE THE MEANINGS 27
	90	+	INDICATED. 28
89	91
90		-	(II) ~~A GENERATIONAL WATER MAN.~~
	92	+	(2) “BEGINNER WATERMAN ” MEANS AN INDIVIDUAL WHO HAS: 29
91	93
92		-	(B) ~~THERE IS~~ A ~~MARYLAND WATERMEN’S MICROLOAN PROGRAM IN~~ THE
93		-	~~CORPORATION .~~
94		-	~~LAWRENCE J.~~ ~~HOGAN, JR., Governor Ch.~~ ~~384~~
	94	+	(I) A TIDAL FISH LICENSE UNDER § 4–701 OF THE NATURAL 30
	95	+	RESOURCES ARTICLE; AND 31
	96	+	SENATE BILL 826 3
95	97
96		-	– 3 –
97		-	(C) THE PURPOSE OF THE PROGRAM IS TO PROVIDE LOANS TO QUALIFIED
98		-	COMMERCIAL FISHERMEN TO CONTINUE COMMERCI AL OPERATIONS IN THE STATE,
99		-	INCLUDING FOR PURCHASING :
100	98
101		-	(1) BOATS;
	99	+	(II) AT LEAST 2 YEARS AND NOT MORE T HAN 10 YEARS OF 1
	100	+	EXPERIENCE IN COMMER CIAL SEAFOOD HARVEST ING. 2
102	101
103		-	(2) ~~MECHANICAL EQUIPMENT ;~~
	102	+	(3) “GENERATIONAL WATERMAN ” MEANS AN INDIVIDUAL WHO: 3
104	103
105		-	(3) FISHING GEAR;
	104	+	(I) HAS A TIDAL FISH LIC ENSE UNDER § 4–701 OF THE 4
	105	+	NATURAL RESOURCES ARTICLE; AND 5
106	106
107		-	(4) FISHING QUOTA ; AND
	107	+	(II) CAN DEMONSTRATE , THROUGH THE SUBMISSION OF TH E 6
	108	+	TWO MOST RECENT FEDE RAL INCOME TAX RETUR NS AND OTHER SUPPORT ING 7
	109	+	DOCUMENTS , THAT AT LEAST 50% OF THE INDIVIDUAL ’S ANNUAL INCOME IS 8
	110	+	DERIVED FROM COMMERC IAL SEAFOOD HARVESTI NG. 9
108	111
109		-	(5) ANY OTHER ITEM USED IN COMMERCIAL SEAFOO D HARVESTING .
	112	+	(4) “PROGRAM” MEANS THE MARYLAND WATERMEN’S MICROLOAN 10
	113	+	PROGRAM. 11
110	114
111		-	(D) THE CORPORATION SHALL IMP LEMENT AND ADMINISTE R THE
112		-	PROGRAM IN ACCORDANCE WITH THIS SECTION.
	115	+	(5) “QUALIFIED COMMERCIAL FISHERMAN” INCLUDES: 12
113	116
114		-	(E) (1) THROUGH JUNE 30, 2025, ONLY GENERATIONAL WA TERMEN ARE
115		-	ELIGIBLE TO RECEIVE A LOAN UNDER THE PROGRAM.
	117	+	(I) A BEGINNER WATERMAN ; AND 13
116	118
117		-	(2) STARTING JULY 1, 2025, THE FOLLOWING PERSON S ARE
118		-	ELIGIBLE TO RECEIVE A LOAN UNDER THE PROGRAM:
	119	+	(II) A GENERATIONAL WATER MAN. 14
119	120
120		-	(I) GENERATIONAL WATERME N;
	121	+	(B) THERE IS A MARYLAND WATERMEN’S MICROLOAN PROGRAM IN THE 15
	122	+	CORPORATION . 16
121	123
122		-	(II) BEGINNER WATERMEN ; AND
	124	+	(C) THE PURPOSE OF THE PROGRAM IS TO PROVIDE LOANS TO QU ALIFIED 17
	125	+	COMMERCIAL FISHERMEN TO CONTINUE COMMERCI AL OPERATIONS IN THE STATE, 18
	126	+	INCLUDING FOR PURCHA SING: 19
123	127
124		-	(~~III~~) ~~SEAFOOD PROCESSING B USINESSES.~~
	128	+	(1) BOATS; 20
125	129
126		-	(F) (1) FOR LOANS MADE UNDER THE PROGRAM, THE CORPORATION
127		-	SHALL DETERMINE :
	130	+	(2) MECHANICAL EQUIPMENT ; 21
128	131
129		-	(I) ~~THE ELIGIBILITY OF A N APPLICANT~~;
	132	+	(3) FISHING GEAR; 22
130	133
131		-	(II) ~~THE AMOUNT OF LOAN T O BE GIVEN TO A BORR OWER~~;
	134	+	(4) FISHING QUOTA ; AND 23
132	135
133		-	(~~III~~) ~~THE TERMS AND CONDIT IONS OF A LOAN CONTR ACT;~~ ~~AND~~
	136	+	(5) ANY OTHER ITEM USED IN COMMERCIAL SEAFOO D HARVESTING . 24
134	137
135		-	(IV) THE ~~AMOUNT OF DEBT F ORGIVENESS THAT MAY BE~~
136		-	~~PROVIDED TO A BORROW ER FOR LOAN REPAYMEN T PERFORMANCE~~ .
	138	+	(D) THE CORPORATION SHALL IMP LEMENT AND ADMINISTE R THE 25
	139	+	PROGRAM IN ACCORDANCE WITH THIS SECTION . 26
137	140
138		-	(2) A LOAN MADE UNDER THE PROGRAM SHALL BE AT L EAST $7,000
139		-	AND NOT MORE THAN $15,000.
140		-	Ch. 384 2022 LAWS OF MARYLAND
	141	+	(E) (1) THROUGH JUNE 30, 2025, ONLY GENERATIONAL WA TERMEN ARE 27
	142	+	ELIGIBLE TO RECEIVE A LOAN UNDER THE PROGRAM. 28 4 SENATE BILL 826
141	143
142		-	– 4 –
143		-	(3) A BORROWER UNDER THE PROGRAM MAY NOT HAVE MORE THAN
144		-	ONE OUTSTANDING LOAN FROM THE PROGRAM DURING ANY PE RIOD OF TIME.
145	144
146		-	(G) (1) FOR EACH OF FISCAL YEARS 2024 AND 2025 THROUGH 2026, THE
147		-	GOVERNOR SHALL INCLUD E IN THE ANNUAL STATE BUDGET BILL AN
148		-	APPROPRIATION OF $750,000 $500,000 TO THE PROGRAM.
149	145
150		-	(2) THE ~~APPROPRIATION IN PARAGRAPH (~~1~~) OF THIS SUBSECTION~~
151		-	~~SHALL BE DISTRIBUTED~~ TO A ~~SPECIAL FUND , TO BE USED ONLY TO~~ :
	146	+	(2) STARTING JULY 1, 2025, THE FOLLOWING PERSON S ARE 1
	147	+	ELIGIBLE TO RECEIVE A LOAN UNDER THE PROGRAM: 2
152	148
153		-	(I) ~~MAKE LOANS UNDER THE PROGRAM~~; ~~AND~~
	149	+	(I) GENERATIONAL WATERME N; 3
154	150
155		-	(II) PAY THE COSTS NECESS ARY TO ADMINISTER AN D OPERATE
156		-	THE PROGRAM.
	151	+	(II) BEGINNER WATERMEN ; AND 4
157	152
158		-	SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
159		-	October 1, 2022.
	153	+	(III) SEAFOOD PROCESSING B USINESSES. 5
160	154
161		-	Approved by the Governor, May 16, 2022.
	155	+	(F) (1) FOR LOANS MADE UNDER THE PROGRAM, THE CORPORATION 6
	156	+	SHALL DETERMINE : 7
	157	+
	158	+	(I) THE ELIGIBILITY OF AN APPLICANT ; 8
	159	+
	160	+	(II) THE AMOUNT OF LOAN T O BE GIVEN TO A BORR OWER; 9
	161	+
	162	+	(III) THE TERMS AND CONDIT IONS OF A LOAN CONTR ACT; AND 10
	163	+
	164	+	(IV) THE AMOUNT OF DEBT F ORGIVENESS THAT MAY BE 11
	165	+	PROVIDED TO A BORROW ER FOR LOAN REPAYMEN T PERFORMANCE . 12
	166	+
	167	+	(2) A LOAN MADE UNDER THE PROGRAM SHALL BE AT L EAST $7,000 13
	168	+	AND NOT MORE THAN $15,000. 14
	169	+
	170	+	(3) A BORROWER UNDER THE PROGRAM MAY NOT HAVE MORE THAN 15
	171	+	ONE OUTSTANDING LOAN FROM THE PROGRAM DURING ANY PE RIOD OF TIME. 16
	172	+
	173	+	(G) (1) FOR EACH OF FISCAL YEARS 2024 AND 2025 THROUGH 2026, THE 17
	174	+	GOVERNOR SHALL INCLUD E IN THE ANNUAL STATE BUDGET BILL AN 18
	175	+	APPROPRIATION OF $750,000 $500,000 TO THE PROGRAM. 19
	176	+
	177	+	(2) THE APPROPRIATION IN PARAGRAPH (1) OF THIS SUBSECTION 20
	178	+	SHALL BE DISTRIBUTED TO A SPECIAL FUND , TO BE USED ONLY TO : 21
	179	+
	180	+	(I) MAKE LOANS UNDER THE PROGRAM; AND 22
	181	+
	182	+	(II) PAY THE COSTS NECESS ARY TO ADMINISTER AN D OPERATE 23
	183	+	THE PROGRAM. 24
	184	+
	185	+	SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect 25
	186	+	October 1, 2022. 26
	187	+