HB 487 Maryland House of Delegates · 2026 Regular Session

Maryland Technology Development Corporation - Investments - Alterations

HB 487 amends Maryland law to give the Maryland Technology Development Corporation (MTDC) more flexibility regarding investments in businesses that no longer qualify under program rules. Specifically, it changes the requirement that MTDC must divest such investments to an authorization allowing it to choose whether to divest or pursue other remedies (like repayment) when a business no longer meets "qualified business" criteria. The bill also updates procedures for the MTDC's investment committee to consider these remedies. This directly affects MTDC and businesses that previously received MTDC equity investments but no longer qualify under the program.

Issues: ✓ Technology

Bill status signed all 5 stages cleared

Introduction

Jan 2026

Committee Review

Mar 2026

House of Delegates Passage

Apr 2026

Senate Passage

Apr 2026

Signed into Law

May 2026

Introduced Jan 23, 2026 Signed May 12, 2026

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What changed between versions

First - Maryland Technology Development Corporation - Investments - Alterations → Third - Maryland Technology Development Corporation - Investments - Alterations · 4 edits

MODERATE

The changes between the First and Third versions of HB 487 are procedural and formatting in nature, reflecting the bill's passage through the House. The bill title changed from 'A BILL ENTITLED' to 'CHAPTER' format, committee report status (Favorable), House adoption, and second reading date were added, and approval signature lines were appended. No substantive policy changes were made to the underlying text of sections 10-401, 10-408, or 10-470.

TECHNICAL

Bill header changed from 'A BILL ENTITLED' to 'CHAPTER ______', indicating the bill passed and is being prepared for chaptering as law.

Procedural metadata added: Committee Report (Favorable), House action (Adopted), and second reading date (February 19, 2026).

Approval signature lines for the Governor, Speaker of the House, and President of the Senate were added at the end of the document.

Line numbering and page layout were reorganized throughout the bill text, but the substantive content of all statutory sections remained unchanged.

Floor votes · House of Delegates Feb 20, 2026

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 12, 2026

Signed into law

Approved by the Governor - Chapter 380

executive

Apr 7, 2026

Lower · Passed

Returned Passed

lower

Apr 6, 2026

Upper · Passed

Third Reading Passed

upper

Mar 31, 2026

Upper · Passed

Favorable Adopted Second Reading Passed

upper

Mar 30, 2026

Upper · Passed

Favorable Report by Finance

upper

Feb 27, 2026

Committee

Referred Finance

upper

Feb 26, 2026

Lower · Passed

Third Reading Passed

lower

Feb 25, 2026

Lower · Passed

Favorable Adopted Second Reading Passed

lower

Feb 24, 2026

Lower · Passed

Favorable Report by Economic Matters

lower

Feb 20, 2026

House Of Delegates · Passed

House of Delegates Vote: pass (135-1-6)

house of delegates

Jan 23, 2026

Committee

First Reading Economic Matters

lower

1 primary · 0 co-sponsors