# Maryland SB 0770: Economic Development - Maryland's Future Board - Establishment

Maryland SB 0770, Economic Development - Maryland's Future Board - Establishment, is a 2026 Regular Session Senate bill sponsored by Bill Ferguson (Democratic); status signed, last action 2026-05-12 (Approved by the Governor - Chapter 377) (as of 2026-10-11).

- Canonical: https://policyrisk.com/state-bill/MD-SB0770-2026RS
- As of: 2026-10-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland SB 0770
- State: Maryland
- Session: 2026 Regular Session
- Title: Economic Development - Maryland's Future Board - Establishment
- Status: signed
- Chamber: Senate
- Introduced: 2026-02-06
- Last action: 2026-05-12, Approved by the Governor - Chapter 377
- Sponsor: Bill Ferguson (Democratic)
- Cosponsors: 1
- Subjects: Economic Development, Artificial Intelligence -see also- Biometrics, Budgets -see also- Capital Budgets, Capital Budgets, Commerce and Business -see also- ElectrComm; ForeignTr; etc., Commerce, Department of, Committees and Commissions, Comptroller, Data -see also- Census; Demographics, Demographics -see also- Census; Data, Ethics, Evaluations and Reviews, General Assembly -see also- AELR Cmte; LegislativePolCmte, Governor, Industry and Manufacturing, Information Technology, Interest, Intergovernmental Cooperation -see also- AdmAgn; Cmts; etc., Meetings -see also- Hearings; Open Government, Open Government, Plans and Proposals, Public Information, Public Officials -see also- Atty Gen; Compt; Coun Admin; etc, Residency -see also- Immigrants and Citizenship, Revenue and Taxes -see also- (specific tax), Rules and Regulations, Sunset, Technology -see also- AeroT; BioT; EnergyT; InfoT; MedT; etc, Treasurers, Work, Labor, and Employment -see also- JobTrn; Leave; etc.
- Touches household money: no
- Roll calls: 2 (146 yes, 20 no in all)
- Economic provisions PRIA read: 3

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Comptroller study on jobs and growth: benefit, low. The Comptroller must study Maryland’s growth trends and key industries. The study may look at state migration, job loss from AI, the need for universal basic income, and advanced tech worker training. The Comptroller may hire an outside consultant. The report is due to the General Assembly by Decem…
- Dedicated fund for future‑focused projects: benefit, low. The law creates the Maryland’s Future Fund, a special, nonlapsing fund run by the Department of Commerce. The State Treasurer holds and invests the Fund and the Comptroller accounts for it. The Fund gets State budget appropriations, interest, and other accepted money. It can pay only for projects t…
- New board to plan Maryland's economy: benefit, low. The law creates the Maryland’s Future Board in the Department of Commerce. The Board has eight members: three Governor appointees, the Comptroller or a designee, two Senate President appointees, and two Speaker appointees. Members serve four‑year terms, get no pay, and can be reimbursed for travel.…

## Sponsors and cosponsors

- Sponsor: Bill Ferguson (Democratic), Senate
- Cosponsor: Mary-Dulany James (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-04-10 | House | Third Reading Passed | pass | 106 | 20 | 10 |
| 2026-03-20 | Senate | Third Reading Passed | pass | 40 | 0 | 1 |

## Actions (16)

- 2026-05-12: Approved by the Governor - Chapter 377
- 2026-04-10: Returned Passed (Senate)
- 2026-04-10: Third Reading Passed (106-20) (House)
- 2026-04-08: Favorable Adopted Second Reading Passed (House)
- 2026-04-08: Favorable Report by Economic Matters (House)
- 2026-03-24: Hearing 3/31 at 1:00 p.m. (House)
- 2026-03-21: Referred Economic Matters (House)
- 2026-03-20: Third Reading Passed (40-0) (Senate)
- 2026-03-19: Second Reading Passed with Amendments (Senate)
- 2026-03-19: Floor Amendment {933825/1 (Senator James) Adopted (Senate)
- 2026-03-19: Motion Returned Second Reading (Senator James) Adopted (Senate)
- 2026-03-17: Second Reading Passed with Amendments (Senate)
- 2026-03-17: Favorable with Amendments {603122/1 Adopted (Senate)
- 2026-03-16: Favorable with Amendments Report by Finance (Senate)
- 2026-02-12: Hearing 3/05 at 1:00 p.m. (Senate)
- 2026-02-06: First Reading Finance (Senate)

## Bill text

- Enacted, 2026-05-12: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_377_sb0770t.pdf)
- Third Reading, 2026-03-19: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0770t.pdf)
- First Reading, 2026-02-06: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0770f.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_377_sb0770t.pdf)
- [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0770t.pdf)
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0770f.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-SB0770-2026RS (as of 2026-10-11).