EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*hb0793*
HOUSE BILL 793
B5, F2 5lr0460
By: Chair, Appropriations Committee (By Request – Departmental – University
System of Maryland)
Introduced and read first time: January 29, 2025
Assigned to: Appropriations
Committee Report: Favorable
House action: Adopted
Read second time: March 14, 2025
CHAPTER ______
AN ACT concerning 1
University System of Maryland – Academic Facilities Bonding Authority 2
FOR the purpose of approving certain projects for the acquisition, development, and 3
improvement of certain academic facilities for the University System of Maryland; 4
authorizing the issuance of bonds by the University System of Maryland in a certain 5
total principal amount for financing the projects; providing that the bonds are not a 6
debt or an obligation of the State or any of its subdivisions; and generally relating to 7
academic facilities bonding authority of the University System of Maryland and 8
certain projects. 9
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 10
That: 11
(a) In accordance with § 19–102(d) of the Education Article, each of the following 12
projects is approved as a project for an academic facility, and the University System of 13
Maryland may issue, sell, and deliver bonds in the total principal amount of $5,000,000 for 14
the purposes of financing and refinancing the costs of the following projects: 15
University of Maryland, College Park (Prince George’s County): 16
Campuswide Building Systems and Infrastructure Improvements 17
(b) In accordance with § 19–102(d) of the Education Article, those systemwide 18
capital facilities renewal projects for existing academic facilities of the constituent 19
institutions and centers of the University System of Maryland as authorized by the Board 20 2 HOUSE BILL 793
of Regents are hereby approved as facility renewal projects for academic facilities, and the 1
University System of Maryland may issue, sell, and deliver bonds in the total principal 2
amount of $25,000,000 for the purposes of financing and refinancing the costs of those 3
academic facilities renewal projects. 4
(c) The bonds issued under the authority of this Act do not create or constitute 5
any indebtedness or obligation of the State or of any political subdivision thereof except for 6
the University System of Maryland, and the bonds shall so state on their face. The bonds 7
do not constitute a debt or obligation contracted by the General Assembly or pledge the 8
faith and credit of the State within the meaning of Article III, § 34 of the Maryland 9
Constitution. 10
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 11
1, 2025. 12
Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
Speaker of the House of Delegates.
________________________________________________________________________________
President of the Senate.