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MarylandSB 07692026 Regular SessionSenate

University System of Maryland - Academic Facilities Bonding Authority

Sponsored By: Sponsor information unavailable

Signed by Governor

Capital BudgetHigher EducationBaltimore CityBaltimore CountyBonds -see also- County & Baltimore City Bonds; State BondsBudgets -see also- Capital BudgetsBuilding Maintenance and RepairCapital BudgetsHigher Education -see also- Comm Colleges; Med Schools; etc.Prince George's CountyPublic Buildings and Facilities -see also- Stadiums; St HseState Universities and Colleges

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Bill Overview

Analyzed Economic Effects

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

Bond funding for Maryland campuses

The University System of Maryland can issue $26 million in bonds for three projects. They are Towson’s electrical substation work; UMD College Park’s Health and Human Sciences Complex; and the Rita Colwell Center’s deferred maintenance. USM can also issue $24 million in bonds for systemwide renewal of existing academic buildings, as approved by the Board of Regents. Bonds are issued under Education Article § 19–102(d). Effective June 1, 2026.

State not liable for USM bonds

Bonds under this law are only obligations of the University System of Maryland. They are not debts of the State or any local government. Each bond must say it is not backed by the State’s full faith and credit. Effective 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: 176 • No: 1

House vote • 4/10/2026

Third Reading Passed

Yes: 132 • No: 0 • Other: 4

Senate vote • 3/24/2026

Third Reading Passed

Yes: 44 • No: 1 • Other: 1

Actions Timeline

  1. Approved by the Governor - Chapter 601

    5/26/2026

  2. Returned Passed

    4/10/2026Senate

  3. Third Reading Passed (132-0)

    4/10/2026House

  4. Favorable Adopted Second Reading Passed

    4/8/2026House

  5. Favorable Report by Appropriations

    4/8/2026House

  6. Rereferred to Appropriations

    4/6/2026House

  7. Hearing canceled

    4/2/2026House

  8. Hearing 4/06 at 2:00 p.m.

    4/1/2026House

  9. Referred Rules and Executive Nominations

    3/25/2026House

  10. Third Reading Passed (44-1)

    3/24/2026Senate

  11. Second Reading Passed

    3/23/2026Senate

  12. Favorable Adopted

    3/23/2026Senate

  13. Favorable Report by Budget and Taxation

    3/23/2026Senate

  14. Hearing 3/03 at 1:30 p.m.

    2/11/2026Senate

  15. First Reading Budget and Taxation

    2/6/2026Senate

Bill Text

  • Enacted

    5/26/2026

    PDF

  • Third Reading

    3/23/2026

    PDF

  • First Reading

    2/11/2026

    PDF

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