Maryland HB1329 establishes funding goals for public school construction from fiscal years 2023 to 2026.

Maryland HB1329 amends the Annotated Code of Maryland to set a funding goal for public school construction. It mandates that the state provide at least $450,000,000 annually from fiscal years 2023 through 2026 to maintain a stable number of funded projects in the Capital Improvement Program. The annual funding goal must be recalculated before the Public School Facilities Priority Fund is funded and excludes funding provided through the Built to Learn Program. The act takes effect July 1, 2026.

Maryland HB1329 establishes funding goals for public school construction from fiscal years 2023 to 2026.

Maryland HB1329 amends the Annotated Code of Maryland to set a funding goal for public school construction. It mandates that the state provide at least $450,000,000 annually from fiscal years 2023 through 2026 to maintain a stable number of funded projects in the Capital Improvement Program. The annual funding goal must be recalculated before the Public School Facilities Priority Fund is funded and excludes funding provided through the Built to Learn Program. The act takes effect July 1, 2026.