MD
Maryland House Bill HB653

Maryland 2023 Regular Session

Maryland House Bill HB653 Compare Versions

Only one version of the bill is available at this time.
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33 EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
44 [Brackets] indicate matter deleted from existing law.
55 *hb0653*
66
77 HOUSE BILL 653
88 C8 3lr1492
99 HB 892/21 – W&M
1010 By: Delegate Buckel
1111 Introduced and read first time: February 6, 2023
1212 Assigned to: Ways and Means
1313
1414 A BILL ENTITLED
1515
1616 AN ACT concerning 1
1717
1818 Economic Development – Maryland Technology Infrastructure Pilot Program – 2
1919 Establishment 3
2020
2121 FOR the purpose of establishing the Maryland Technology Infrastructure Pilot Program in 4
2222 the Maryland Technology Development Corporation to support and incentivize 5
2323 advance industry infrastructure and resources that build on the existing strengths 6
2424 of the Western Maryland economy ; establishing the Maryland Technology 7
2525 Infrastructure Authority to provide advice and consultation for the administration 8
2626 of the Program; establishing the Maryland Technology Infrastructure Fund as a 9
2727 special, nonlapsing fund; requiring interest earnings of the Fund to be credited to 10
2828 the Fund; and generally relating to the Maryland Technology Infrastructure Pilot 11
2929 Program and the Maryland Technology Development Corporation. 12
3030
3131 BY adding to 13
3232 Article – Economic Development 14
3333 Section 10–4D–01 through 10–4D–10 to be under the new subtitle “Subtitle 4D. 15
3434 Maryland Technology Infrastructure Pilot Program” 16
3535 Annotated Code of Maryland 17
3636 (2018 Replacement Volume and 2022 Supplement) 18
3737
3838 BY repealing and reenacting, without amendments, 19
3939 Article – State Finance and Procurement 20
4040 Section 6–226(a)(2)(i) 21
4141 Annotated Code of Maryland 22
4242 (2021 Replacement Volume and 2022 Supplement) 23
4343
4444 BY repealing and reenacting, with amendments, 24
4545 Article – State Finance and Procurement 25
4646 Section 6–226(a)(2)(ii)170. and 171. 26
4747 Annotated Code of Maryland 27
4848 (2021 Replacement Volume and 2022 Supplement) 28 2 HOUSE BILL 653
4949
5050
5151
5252 BY adding to 1
5353 Article – State Finance and Procurement 2
5454 Section 6–226(a)(2)(ii)172. 3
5555 Annotated Code of Maryland 4
5656 (2021 Replacement Volume and 2022 Supplement) 5
5757
5858 SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 6
5959 That the Laws of Maryland read as follows: 7
6060
6161 Article – Economic Development 8
6262
6363 SUBTITLE 4D. MARYLAND TECHNOLOGY INFRASTRUCTURE PILOT PROGRAM. 9
6464
6565 10–4D–01. 10
6666
6767 (A) IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS 11
6868 INDICATED. 12
6969
7070 (B) “AUTHORITY” MEANS THE MARYLAND TECHNOLOGY 13
7171 INFRASTRUCTURE AUTHORITY. 14
7272
7373 (C) “CORPORATION ” MEANS THE MARYLAND TECHNOLOGY 15
7474 DEVELOPMENT CORPORATION . 16
7575
7676 (D) “FINANCIAL ASSISTANCE” MEANS A GRANT , A LOAN, A CREDIT 17
7777 ENHANCEMENT , AN INVESTMENT , OR SIMILAR ASSISTANC E. 18
7878
7979 (E) “FUND” MEANS THE MARYLAND TECHNOLOGY INFRASTRUCTURE 19
8080 FUND. 20
8181
8282 (F) “PROGRAM” MEANS THE MARYLAND TECHNOLOGY INFRASTRUCTURE 21
8383 PILOT PROGRAM. 22
8484
8585 (G) “PROJECT” MEANS A LARGE –SCALE, TRANSFORMATIVE 23
8686 INFRASTRUCTURE INITI ATIVE INTENDED TO PR OMOTE THE DEVELOPMEN T AND 24
8787 GROWTH OF INNOVATION –BASED BUSINESS IN WESTERN MARYLAND. 25
8888
8989 (H) “WESTERN MARYLAND” MEANS ALLEGANY COUNTY, GARRETT 26
9090 COUNTY, AND WASHINGTON COUNTY. 27
9191
9292 10–4D–02. 28
9393
9494 (A) THERE IS A MARYLAND TECHNOLOGY INFRASTRUCTURE PILOT 29
9595 PROGRAM IN THE CORPORATION . 30 HOUSE BILL 653 3
9696
9797
9898
9999 (B) THE PURPOSE OF THE PROGRAM IS TO: 1
100100
101101 (1) ESTABLISH A PROGRAM IN WESTERN MARYLAND TO SUPPORT 2
102102 THE INNOVATION ECONO MY BY INCENTIVIZING THE DEVELOPMENT OF A DVANCED 3
103103 INDUSTRY INFRASTRUCT URE AND RESOURCES TH AT BUILD ON THE EXIS TING 4
104104 STRENGTHS OF THE REG ION’S ECONOMY; 5
105105
106106 (2) SUPPORT THE GROWTH O F AND INCENTIVIZE TH E ATTRACTION 6
107107 AND RETE NTION OF EARLY –STAGE INNOVATION –BASED BUSINESS IN WESTERN 7
108108 MARYLAND THROUGH THE CREATION OF SUPPORTI NG INFRASTRUCTURE AN D 8
109109 RESOURCES; 9
110110
111111 (3) MANAGE A MARYLAND TECHNOLOGY INFRASTRUCTURE FUND 10
112112 FOR FINANCIAL ASSIST ANCE IN PROJECTS TO SUPPORT THE PROGRAM; AND 11
113113
114114 (4) EVALUATE THE EFFICAC Y OF THE PROGRAM FOR FUTURE 12
115115 EXPANSION TO OTHER P ARTS OF THE STATE. 13
116116
117117 10–4D–03. 14
118118
119119 (A) THERE IS A MARYLAND TECHNOLOGY INFRASTRUCTURE AUTHORITY 15
120120 IN THE CORPORATION . 16
121121
122122 (B) THE CORPORATION SHALL PRO VIDE STAFF TO THE AUTHORITY AND 17
123123 MAY EMPLOY OR CONTRACT WITH EXPERTS TO ASSIST WI TH THE ADMINISTRATIO N 18
124124 AND MANAGEMENT OF TH E PROGRAM. 19
125125
126126 10–4D–04. 20
127127
128128 (A) THE AUTHORITY CONSISTS OF THE FOLLOWING MEMBER S: 21
129129
130130 (1) THREE MEMBERS APPOINTED BY THE GOVERNOR: 22
131131
132132 (I) TWO OF WHOM ARE ENTREPRENEURS OR BUSINESS 23
133133 OWNERS IN WESTERN MARYLAND; AND 24
134134
135135 (II) ONE OF WHOM HAS EXPE RIENCE IN VENTURE CA PITAL OR 25
136136 ECONOMIC DEVELOPMENT ; 26
137137
138138 (2) THE PRESIDENT OF FROSTBURG STATE UNIVERSITY, OR THE 27
139139 PRESIDENT’S DESIGNEE; 28
140140
141141 (3) THE PRESIDENT OF A C OMMUNITY COLLEGE LOC ATED IN 29 4 HOUSE BILL 653
142142
143143
144144 WESTERN MARYLAND, OR THE PRESIDENT ’S DESIGNEE, APPOINTED BY THE 1
145145 MARYLAND ASSOCIATION OF COMMUNITY COLLEGES; AND 2
146146
147147 (4) THE EXECUTIVE DIRECTOR OF THE CORPORATION , OR THE 3
148148 EXECUTIVE DIRECTOR’S DESIGNEE. 4
149149
150150 (B) EACH MEMBER SHALL BE A RESIDENT OF THE STATE. 5
151151
152152 10–4D–05. 6
153153
154154 (A) (1) THREE MEMBERS OF THE AUTHORITY ARE A QUORU M. 7
155155
156156 (2) AN ACT OF THE AUTHORITY MUST BE APP ROVED BY A MAJORITY 8
157157 VOTE OF THE MEMBERS ATTENDING A MEETING AT WHICH A QUORUM IS PRESENT. 9
158158
159159 (B) A MEMBER OF THE AUTHORITY: 10
160160
161161 (1) MAY NOT RECEIVE COMPENSATION AS A ME MBER OF THE 11
162162 AUTHORITY; BUT 12
163163
164164 (2) IS ENTITLED TO REIMB URSEMENT FOR EXPENSE S UNDER THE 13
165165 STANDARD STATE TRAVEL REGULATIONS, AS PROVIDED IN THE STATE BUDGET . 14
166166
167167 (C) A MEMBER OF THE AUTHORITY SHALL FILE AN ANNUAL PUBLIC 15
168168 DISCLOSURE OF FINANC IAL INTERESTS AS REQ UIRED UNDER THE MARYLAND 16
169169 PUBLIC ETHICS LAW. 17
170170
171171 (D) EACH MEMBER OF THE AUTHORITY SHALL DISCL OSE TO THE STATE 18
172172 ETHICS COMMISSION WHETHER TH E MEMBER IS EMPLOYED BY OR HAS A FINANCIAL 19
173173 INTEREST IN AN ENTIT Y THAT MAY APPLY FOR FUNDING FROM THE FUND. 20
174174
175175 10–4D–06. 21
176176
177177 THE AUTHORITY SHALL PROVI DE ADVICE TO AND CON SULT WITH THE 22
178178 CORPORATION IN CONNEC TION WITH THE ADMINI STRATION OF THE PROGRAM 23
179179 UNDER THIS SUBTITLE . 24
180180
181181 10–4D–07. 25
182182
183183 (A) THERE IS A MARYLAND TECHNOLOGY INFRASTRUCTURE FUND IN THE 26
184184 CORPORATION . 27
185185
186186 (B) (1) THE FUND IS A SPECIAL , NONLAPSING FUND THAT IS NOT 28
187187 SUBJECT TO REVERSION UNDER § 7–302 OF THE STATE FINANCE AND 29 HOUSE BILL 653 5
188188
189189
190190 PROCUREMENT ARTICLE. 1
191191
192192 (2) THE STATE TREASURER SHALL HOLD THE FUND SEPARATELY , 2
193193 AND THE COMPTROLLER SHALL ACC OUNT FOR THE FUND. 3
194194
195195 (C) THE FUND CONSISTS OF : 4
196196
197197 (1) APPROPRIATIONS AS PR OVIDED IN THE STATE BUDGET ; 5
198198
199199 (2) ANY INTEREST EARNING S OF THE FUND; AND 6
200200
201201 (3) ANY OTHER MONEY FROM ANY OTHER SOURCE ACC EPTED FOR 7
202202 THE BENEFIT OF THE PROGRAM. 8
203203
204204 (D) THE EXECUTIVE DIRECTOR OF THE CORPORATION , OR THE EXECUTIVE 9
205205 DIRECTOR’S DESIGNEE, SHALL ADMINISTER THE FUND IN ACCORDANCE WI TH THIS 10
206206 SUBTITLE AND ANY OTH ER APPLICABLE LAW . 11
207207
208208 (E) THE FUND SHALL BE USED TO COVER THE COSTS OF T HE PROGRAM, 12
209209 INCLUDING: 13
210210
211211 (1) ANY ADMINISTRATIVE C OSTS; AND 14
212212
213213 (2) ANY FINANCIAL ASSIST ANCE THAT IS AWARDED TO ELIGIBLE 15
214214 RECIPIENTS. 16
215215
216216 (F) (1) THE STATE TREASURER SHALL INVES T THE MONEY OF THE FUND 17
217217 IN THE SAME MANNER A S OTHER STATE MONEY MAY BE IN VESTED. 18
218218
219219 (2) ANY INVESTMENT EARNIN GS OF THE FUND SHALL BE CREDITE D 19
220220 TO THE FUND. 20
221221
222222 (G) THE ACCOUNT AND TRANS ACTIONS OF THE FUND ARE SUBJECT TO 21
223223 AUDIT BY THE OFFICE OF LEGISLATIVE AUDITS AS PROVIDED IN § 2–1220 OF THE 22
224224 STATE GOVERNMENT ARTICLE. 23
225225
226226 10–4D–08. 24
227227
228228 (A) WITHIN THE PROGRAM, SUBJECT TO AVAILABLE FUNDING, AND ON THE 25
229229 RECOMMENDATION OF TH E AUTHORITY, THE CORPORATION SHALL AWA RD 26
230230 FINANCIAL ASSISTANCE FROM THE FUND TO PUBLIC OR PRI VATE ENTITIES IN THE 27
231231 STATE, INCLUDING INSTITUTIO NS OF HIGHER EDUCATI ON, TO: 28
232232
233233 (1) SUPPORT LARGE –SCALE INFRASTRUCTURE OR RESOURCE 29 6 HOUSE BILL 653
234234
235235
236236 PROJECTS IN WESTERN MARYLAND TO ATTRACT T ALENT, FOSTER 1
237237 COLLABORATION , AND ENABLE CONCENTRA TION AND GROWTH OF A DVANCED 2
238238 INDUSTRIES; 3
239239
240240 (2) FOSTER PUBLIC –PRIVATE COLLABORATIO NS TO ENCOURAGE 4
241241 DEVELOPMENT OF SHARE D INFRASTRUCTURE AND R ESOURCES; AND 5
242242
243243 (3) SUPPORT TALENT DEVEL OPMENT INITIATIVES T HAT ADDRESS 6
244244 CRITICAL SKILL SHORT AGE AREAS IN INDUSTR IES CRITICAL TO GROW TH IN 7
245245 WESTERN MARYLAND. 8
246246
247247 (B) THE FUND MAY NOT CONTRIBU TE MORE THAN : 9
248248
249249 (1) ONE–THIRD OF THE TOTAL COST OF THE PROJECT ; OR 10
250250
251251 (2) $500,000 PER PROJECT. 11
252252
253253 10–4D–09. 12
254254
255255 (A) THE AUTHORITY SHALL ADOPT REGULATIONS TO ESTAB LISH: 13
256256
257257 (1) A COMPETITIVE APPLIC ATION PROCESS ; AND 14
258258
259259 (2) CRITERIA AND PROCEDU RES FOR AWARDING FIN ANCIAL 15
260260 ASSISTANCE FROM THE FUND TO ELIGIBLE RECIPIENTS, INCLUDING CRITERIA T HAT 16
261261 EXAMINE: 17
262262
263263 (I) THE PROJECT ’S POTENTIAL IMPACT O N THE LOCAL 18
264264 ECONOMY; 19
265265
266266 (II) THE PROJECT ’S LIKELIHOOD TO FOST ER JOB CREATION ; 20
267267 AND 21
268268
269269 (III) CAPITAL INVESTMENT I N THE PROJECT . 22
270270
271271 (B) (1) IN ACCORDANCE WITH TH IS SUBTITLE, ALL PRIVATE SECTOR 23
272272 ENTITIES IN THE STATE AND ALL INSTITU TIONS OF HIGHER EDUC ATION IN THE 24
273273 STATE MAY BE ELIGIBLE RECIPIENTS OF FINANC IAL ASSISTANCE. 25
274274
275275 (2) PRIORITY FOR THE AWAR D OF ANY FINANCIAL A SSISTANCE SHALL 26
276276 BE GIVEN TO THOSE PR OJECTS MOST LIK ELY TO: 27
277277
278278 (I) ATTRACT SIGNIFICANT INVESTMENT IN THE STATE; 28
279279
280280 (II) RESULT IN SIGNIFICAN T COMPANY FORMATION , 29 HOUSE BILL 653 7
281281
282282
283283 EXPANSION, OR JOB CREATION ; OR 1
284284
285285 (III) RESULT IN MEANINGFUL ECONOMIC AND EMPLOYM ENT 2
286286 DEVELOPMENT IN WESTERN MARYLAND. 3
287287
288288 10–4D–10. 4
289289
290290 ON OR BEFORE JULY 1, 2027, THE CORPORATION SHALL REP ORT TO THE 5
291291 GENERAL ASSEMBLY, IN ACCORDANCE WITH § 2–1257 OF THE STATE GOVERNMENT 6
292292 ARTICLE, ON THE IMPLEMENTATIO N OF THE PROGRAM AND SHALL MAK E 7
293293 RECOMMENDATIONS ON T HE EXPANSION OF THE PROGRAM TO A STATEWID E 8
294294 PROGRAM. 9
295295
296296 Article – State Finance and Procurement 10
297297
298298 6–226. 11
299299
300300 (a) (2) (i) Notwithstanding any other provision of law, and unless 12
301301 inconsistent with a federal law, grant agreement, or other federal requirement or with the 13
302302 terms of a gift or settlement agreement, net interest on all State money allocated by the 14
303303 State Treasurer under this section to special funds or accounts, and otherwise entitled to 15
304304 receive interest earnings, as accounted for by the Comptroller, shall accrue to the General 16
305305 Fund of the State. 17
306306
307307 (ii) The provisions of subparagraph (i) of this paragraph do not apply 18
308308 to the following funds: 19
309309
310310 170. the Cannabis Public Health Fund; [and] 20
311311
312312 171. the Community Reinvestment and Repair Fund; AND 21
313313
314314 172. THE MARYLAND TECHNOLOGY INFRASTRUCTURE 22
315315 FUND. 23
316316
317317 SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 24
318318 1, 2023. It shall remain effective for a period of 5 years and, at the end of June 30, 2028, 25
319319 this Act, with no further action required by the General Assembly, shall be abrogated and 26
320320 of no further force and effect. 27
321321
322322
323323