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MarylandHB 09532026 Regular SessionHouse

Revenue Stabilization Account - Transfer of Funds - State Disaster Recovery Fund

Sponsored By: Jason C. Buckel (Republican)

Signed by Governor

Public SafetyState Government - Agencies, Offices, and OfficialsEmergencies -see also- PandemicsGovernorPublic Works, Board ofRevenue and Taxes -see also- (specific tax)

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

New state fund for disaster recovery

Beginning June 1, 2026, the law creates the State Disaster Recovery Fund. It holds money from the state budget, transfers from the Catastrophic Event Account and the Rainy Day Fund, loan repayments, federal reimbursements, interest, and other accepted sources. The Governor can include money for this fund in the annual budget. The fund supports state disaster recovery costs.

Rainy-day money for disaster recovery

Beginning June 1, 2026, the Governor can move money from the Rainy Day Fund to the State Disaster Recovery Fund. The Board of Public Works must approve any transfer. A transfer cannot cut the Rainy Day Fund below 5% of estimated General Fund revenues for that fiscal year.

Sponsors & Cosponsors

Sponsor

  • Jason C. Buckel

    Republican • House

Cosponsors

  • Jim Hinebaugh

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 167 • No: 0

Senate vote • 4/13/2026

Third Reading Passed

Yes: 36 • No: 0 • Other: 11

House vote • 3/17/2026

Third Reading Passed

Yes: 131 • No: 0 • Other: 5

Actions Timeline

  1. Approved by the Governor - Chapter 450

    5/12/2026

  2. Returned Passed

    4/13/2026House

  3. Third Reading Passed (36-0)

    4/13/2026Senate

  4. Second Reading Passed

    4/10/2026Senate

  5. Favorable Adopted

    4/10/2026Senate

  6. Favorable Report by Budget and Taxation

    4/10/2026Senate

  7. Hearing 3/24 at 1:00 p.m.

    3/23/2026Senate

  8. Referred Budget and Taxation

    3/18/2026Senate

  9. Third Reading Passed (131-0)

    3/17/2026House

  10. Second Reading Passed

    3/17/2026House

  11. Favorable Adopted

    3/17/2026House

  12. Favorable Report by Appropriations

    3/16/2026House

  13. Hearing 3/10 at 1:00 p.m.

    2/20/2026House

  14. Hearing canceled

    2/20/2026House

  15. Hearing 3/05 at 1:00 p.m.

    2/17/2026House

  16. First Reading Appropriations

    2/5/2026House

Bill Text

  • Enacted

    5/12/2026

    PDF

  • Third Reading

    3/17/2026

    PDF

  • First Reading

    2/5/2026

    PDF

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