PRIA Logo™
MarylandHB 04872026 Regular SessionHouse

Maryland Technology Development Corporation - Investments - Alterations

Sponsored By: Jessica Feldmark (Democratic)

Signed by Governor

Economic DevelopmentCommerce and Business -see also- ElectrComm; ForeignTr; etc.Committees and CommissionsCorporations -see also- Municipal Corps; Public Corps & InstEvaluations and ReviewsInvestments -see also- SecuritiesPublic Corporations and Instrumentalities -see also- HBERules and RegulationsTechnology -see also- AeroT; BioT; EnergyT; InfoT; MedT; etc

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

4 provisions identified: 1 benefits, 1 costs, 2 mixed.

TEDCO can claw back grants

Beginning July 1, 2026, if your business got a TEDCO grant, TEDCO can require you to repay some or all of it with interest. TEDCO sets the interest rate and the trigger conditions.

Grants can turn into equity

Beginning July 1, 2026, TEDCO can use money set aside for a grant to buy equity in a qualified business. Your business can receive an equity investment instead of a grant if it meets TEDCO’s rules.

Limits on TEDCO ownership stakes

Beginning July 1, 2026, TEDCO cannot own more than 25% of a single company when it makes an equity investment. This cap does not apply when TEDCO invests in venture or private equity firms.

TEDCO oversight and risk limits

Beginning July 1, 2026, TEDCO must create an investment committee and set duties and member appointment rules. The committee must review remedies, including divesting, when a company no longer qualifies. Any sale or other remedy of an equity investment needs committee approval and can happen within 15 years after TEDCO invested. The State and TEDCO are liable only up to the amount invested.

Sponsors & Cosponsors

Sponsor

  • Jessica Feldmark

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 180 • No: 1

Senate vote • 4/6/2026

Third Reading Passed

Yes: 46 • No: 0

House vote • 2/26/2026

Third Reading Passed

Yes: 134 • No: 1 • Other: 1

Actions Timeline

  1. Approved by the Governor - Chapter 380

    5/12/2026

  2. Returned Passed

    4/7/2026House

  3. Third Reading Passed (46-0)

    4/6/2026Senate

  4. Favorable Adopted Second Reading Passed

    3/31/2026Senate

  5. Favorable Report by Finance

    3/30/2026Senate

  6. Referred Finance

    2/27/2026Senate

  7. Third Reading Passed (134-1)

    2/26/2026House

  8. Favorable Adopted Second Reading Passed

    2/25/2026House

  9. Favorable Report by Economic Matters

    2/24/2026House

  10. Hearing 2/17 at 1:00 p.m.

    1/28/2026House

  11. First Reading Economic Matters

    1/23/2026House

Bill Text

  • Enacted

    5/12/2026

    PDF

  • Third Reading

    2/25/2026

    PDF

  • First Reading

    1/23/2026

    PDF

Related Bills

Back to State Legislation