All Roll Calls
Yes: 170 • No: 0
MarylandHB 15132026 Regular SessionHouseWALLET
Calvert County - Public Facilities Bonds
Sponsored By: Sponsor information unavailable
Signed by Governor
Local Debt (Bond Bills)AdvertisingBonds -see also- County & Baltimore City Bonds; State BondsBuilding Maintenance and RepairCalvert CountyConstructionCounty and Baltimore City BondsCounty CommissionersFlood ControlHighwaysIncome TaxInterestNews MediaNoticesPublications -see also- Maryland Register; TextbooksPublic Buildings and Facilities -see also- Stadiums; St HsePublic Officials -see also- Atty Gen; Compt; Coun Admin; etcRevenue and Taxes -see also- (specific tax)SignaturesTime
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 3 benefits, 0 costs, 1 mixed.
No Maryland tax on bond interest
If you hold these Calvert County bonds, you do not pay Maryland or local tax on the interest. The bonds, their transfer, and income from them are tax-exempt in Maryland. This applies starting June 1, 2026.
Up to $80,957,080 for projects
The law lets Calvert County issue up to $80,957,080 in general obligation bonds. Money must pay for public facilities, like public buildings, roads, Calvert Pines Senior Center renovations, and storm drains. It can also cover land, design, planning, legal, financial, and engineering costs. Bonds may be sold in one or more series over time. This authority starts June 1, 2026.
Property taxes back new county bonds
The bonds are backed by the County’s full faith and credit. Each year, the County must levy property taxes on all assessable property to pay bond principal and interest. If one year is short, it must raise more the next year. The County can use state, federal, or other grants to cover payments, which can lower the needed tax. This takes effect June 1, 2026.
Rules for issuing and managing bonds
The County sets key bond terms by resolution, including rates (fixed or variable), sale method, and early redemption. No bond may mature later than 30 years. The County can issue refunding bonds and must keep those proceeds in a separate trust to pay off old bonds. It may issue temporary bonds and replace lost or damaged ones with safeguards. Prior borrowing powers remain, and earlier bonds stay valid. The County may also issue federally taxable bonds. These rules take effect June 1, 2026.
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Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 4/8/2026
Third Reading Passed
Yes: 45 • No: 0 • Other: 1
House vote • 3/21/2026
Third Reading Passed
Yes: 125 • No: 0 • Other: 8
Actions Timeline
Approved by the Governor - Chapter 339
4/28/2026Returned Passed
4/8/2026HouseThird Reading Passed (45-0)
4/8/2026SenateSecond Reading Passed
4/6/2026SenateFavorable Adopted
4/6/2026SenateFavorable Report by Budget and Taxation
4/6/2026SenateHearing 4/01 at 1:15 p.m.
3/25/2026SenateReferred Budget and Taxation
3/23/2026SenateThird Reading Passed (125-0)
3/21/2026HouseFavorable Adopted Second Reading Passed
3/20/2026HouseFavorable Report by Appropriations
3/20/2026HouseHearing 3/18 at 12:45 p.m.
3/18/2026HouseHearing canceled
3/18/2026HouseHearing 3/18 at 1:00 p.m.
2/17/2026HouseFirst Reading Appropriations
2/13/2026House
Bill Text
Third Reading
3/20/2026
First Reading
2/13/2026
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