SB 769·MD·senate
University System of Maryland - Academic Facilities Bonding Authority
Signed into LawFiled Feb 6, 2026
Sponsor: Chair, Budget and Taxation Committee
Latest Action
Approved by the Governor - Chapter 601
May 26, 2026
Summary
The legislation authorizes the University System of Maryland to sell $26 million in bonds for three named projects and $24 million for systemwide facility renewal projects. The bonds are issued solely by the university system and do not constitute a debt of the State of Maryland. This provides financing for campus infrastructure without tapping state credit.
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