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MarylandHB 08332025 Regular SessionHouse

Carroll County - Public Facilities Bond

Sponsored By: Sponsor information unavailable

Signed by Governor

Local Debt (Bond Bills)AdvertisingBanks and Trust CompaniesBridges and TunnelsBuilding Maintenance and RepairCarroll CountyCommunity CollegesCounty and Baltimore City BondsEasementsEmergency Services -see also- Ambul; Emergencies; etc.ExemptionsFarmlandFederal Aid -see also- CARES ActFinancial Institutions -see also- Banks; Credit Unions; etc.Fire ProtectionForests and Parks -see also- MdNatlCapPkPlnCm; Plants; etc.Health Care Facilities -see also- Clinics; Hospices; etcHighwaysInterestLibraries -see also- ArchivesLoans -see also- Credit; Mortgages; Scholarships&SFANews MediaNoticesPublications -see also- Maryland Register; TextbooksPublic Buildings and Facilities -see also- Stadiums; St HsePublic Schools -see also- Primary Schools; Secondary SchPublic Works -see also- Brg&Tun; Hwys; PublBlgFac; etc.Refuse Disposal -see also- RecyclingRevenue and Taxes -see also- (specific tax)SecuritiesSewageSignaturesSocial Services -see also- Public BenefitsState Aid -see also- Public BenefitsVolunteersWater -see also- Coastal Bays; Riv,Str,Lks; Wastewater; etc.

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 1 costs, 0 mixed.

Carroll bond investors get tax exemptions

Bonds issued under this law, their transfer, and income from them are exempt from Maryland state and local taxes. Covered income includes interest and profits from selling the bonds. The County can issue bonds whose interest remains subject to federal income tax. An investor's savings depend on the covered income.

Loans support Carroll volunteer fire departments

Carroll County can lend money to local volunteer fire departments for fire or emergency equipment, buildings, and other facilities. The County sets the loan terms and conditions. Bond-funded loans share the law's $36.9 million borrowing limit; there is no separate loan allocation.

Carroll County gains public project borrowing

Beginning June 1, 2025, Carroll County can borrow up to $36.9 million for authorized public projects and fire department loans. Projects include water and sewer facilities, plus installment purchases of land rights that preserve farms and woodlands. Bonds can last up to 30 years, and project proceeds must stay within authorized uses. Unneeded proceeds can repay bonds or, by county resolution, fund other authorized projects or fire department loans. The County can also refinance bonds issued under this law, keeping refinancing proceeds separate and using them only for purchase or redemption payments.

Carroll property taxes back bond repayment

Carroll County pledges its full credit and unlimited taxing power to repay these bonds. While bonds remain unpaid, the County must levy property taxes sufficient to cover principal and interest due each year. If collections fall short, the County must levy additional taxes the next fiscal year. Qualifying loan repayments and state or federal funds can reduce the required levy. The law sets no tax rate or individual property's bill.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 185 • No: 0

Senate vote • 4/2/2025

Third Reading Passed

Yes: 47 • No: 0

House vote • 3/17/2025

Third Reading Passed

Yes: 138 • No: 0 • Other: 1

Actions Timeline

  1. Approved by the Governor - Chapter 423

    5/6/2025

  2. Returned Passed

    4/2/2025House

  3. Third Reading Passed (47-0)

    4/2/2025Senate

  4. Second Reading Passed

    3/27/2025Senate

  5. Favorable Adopted

    3/27/2025Senate

  6. Favorable Report by Budget and Taxation

    3/27/2025Senate

  7. Hearing canceled

    3/26/2025Senate

  8. Hearing 3/27 at 1:00 p.m.

    3/24/2025Senate

  9. Referred Budget and Taxation

    3/17/2025Senate

  10. Third Reading Passed (138-0)

    3/17/2025House

  11. Favorable Adopted Second Reading Passed

    3/15/2025House

  12. Favorable Report by Appropriations

    3/15/2025House

  13. Hearing 3/12 at 1:00 p.m.

    2/21/2025House

  14. First Reading Appropriations

    1/29/2025House

Bill Text

  • Enacted

    5/6/2025

    PDF

  • Third Reading

    3/15/2025

    PDF

  • First Reading

    1/29/2025

    PDF

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