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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.

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: 170 • No: 0

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

  1. Approved by the Governor - Chapter 339

    4/28/2026

  2. Returned Passed

    4/8/2026House

  3. Third Reading Passed (45-0)

    4/8/2026Senate

  4. Second Reading Passed

    4/6/2026Senate

  5. Favorable Adopted

    4/6/2026Senate

  6. Favorable Report by Budget and Taxation

    4/6/2026Senate

  7. Hearing 4/01 at 1:15 p.m.

    3/25/2026Senate

  8. Referred Budget and Taxation

    3/23/2026Senate

  9. Third Reading Passed (125-0)

    3/21/2026House

  10. Favorable Adopted Second Reading Passed

    3/20/2026House

  11. Favorable Report by Appropriations

    3/20/2026House

  12. Hearing 3/18 at 12:45 p.m.

    3/18/2026House

  13. Hearing canceled

    3/18/2026House

  14. Hearing 3/18 at 1:00 p.m.

    2/17/2026House

  15. First Reading Appropriations

    2/13/2026House

Bill Text

  • Third Reading

    3/20/2026

    PDF

  • First Reading

    2/13/2026

    PDF

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