# Maryland HB 0487: Maryland Technology Development Corporation - Investments - Alterations

Maryland HB 0487, Maryland Technology Development Corporation - Investments - Alterations, is a 2026 Regular Session House bill sponsored by Jessica Feldmark (Democratic); status signed, last action 2026-05-12 (Approved by the Governor - Chapter 380) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/MD-HB0487-2026RS
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland HB 0487
- State: Maryland
- Session: 2026 Regular Session
- Title: Maryland Technology Development Corporation - Investments - Alterations
- Status: signed
- Chamber: House
- Introduced: 2026-01-23
- Last action: 2026-05-12, Approved by the Governor - Chapter 380
- Sponsor: Jessica Feldmark (Democratic)
- Cosponsors: 0
- Subjects: Economic Development, Commerce and Business -see also- ElectrComm; ForeignTr; etc., Committees and Commissions, Corporations -see also- Municipal Corps; Public Corps & Inst, Evaluations and Reviews, Investments -see also- Securities, Public Corporations and Instrumentalities -see also- HBE, Rules and Regulations, Technology -see also- AeroT; BioT; EnergyT; InfoT; MedT; etc
- Touches household money: no
- Roll calls: 2 (180 yes, 1 no in all)
- Economic provisions PRIA read: 4

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Grants can turn into equity: benefit, low. 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.
- TEDCO can claw back grants: cost, medium. 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.
- Limits on TEDCO ownership stakes: mixed, low. 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: mixed, low. 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…

## Sponsors and cosponsors

- Sponsor: Jessica Feldmark (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-04-06 | Senate | Third Reading Passed | pass | 46 | 0 |   |
| 2026-02-26 | House | Third Reading Passed | pass | 134 | 1 | 1 |

## Actions (11)

- 2026-05-12: Approved by the Governor - Chapter 380
- 2026-04-07: Returned Passed (House)
- 2026-04-06: Third Reading Passed (46-0) (Senate)
- 2026-03-31: Favorable Adopted Second Reading Passed (Senate)
- 2026-03-30: Favorable Report by Finance (Senate)
- 2026-02-27: Referred Finance (Senate)
- 2026-02-26: Third Reading Passed (134-1) (House)
- 2026-02-25: Favorable Adopted Second Reading Passed (House)
- 2026-02-24: Favorable Report by Economic Matters (House)
- 2026-01-28: Hearing 2/17 at 1:00 p.m. (House)
- 2026-01-23: First Reading Economic Matters (House)

## Bill text

- Enacted, 2026-05-12: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_380_hb0487t.pdf)
- Third Reading, 2026-02-25: [PDF](https://mgaleg.maryland.gov/2026RS/bills/hb/hb0487t.pdf)
- First Reading, 2026-01-23: [PDF](https://mgaleg.maryland.gov/2026RS/bills/hb/hb0487f.pdf)

## Related bills

- SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law)
- SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law)
- SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law)
- SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law)
- SB 0016: Child Support - Earnings Withholdings Limits (became law)
- HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law)

## Sources
- [Enacted (PDF)](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_380_hb0487t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/hb/hb0487t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/hb/hb0487f.pdf)

## Related
- [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS)
- [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS)
- [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS)
- [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS)
- [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS)
- [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS)
- [Maryland bills](https://policyrisk.com/states/maryland/bills)
- [Maryland state hub](https://policyrisk.com/states/maryland)
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Source: PRIA, https://policyrisk.com/state-bill/MD-HB0487-2026RS (as of 2026-10-19).