---
type: "Bill"
title: "Conservation Finance Act"
description: "Conservation Finance Act"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2022"
identifier: "SB 348"
citation: "Maryland SB 348 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Elfreth", "Guzzone", "Hester", "Rosapepe", "Smith"]
version_count: 4
action_count: 15
vote_count: 3
first_action: "2022-01-21"
last_action: "2022-04-21"
source: "openstates"
source_identifier: "ocd-bill/13a3370b-592f-4e78-ac59-7738973efcf8"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0348?ys=2022RS&search=True"
source_hash: "f500756d2c3ce237115a150f840ce172a93b423bebfd2e8f9922ad7a60e5e0cd"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 348 (2022) — Conservation Finance Act

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter - Conservation Finance Act** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/Chapters_noln/CH_238_sb0348e.pdf)
2. **Enrolled - Conservation Finance Act** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/bills/sb/sb0348e.pdf)
3. **First - Conservation Finance Act** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/bills/sb/sb0348f.pdf)
4. **Third - Conservation Finance Act** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/bills/sb/sb0348t.pdf)

## Votes

- On Third Reading (Amend) — **125–4** (pass) · lower
- On Third Reading — **47–0** (pass) · upper
- On third reading — **46–0** (pass) · upper

## Sponsors

- Elfreth — primary (person)
- Guzzone — primary (person)
- Hester — primary (person)
- Rosapepe — primary (person)
- Smith — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-01-21** First Reading Budget and Taxation and Education, Health, and Environmental Affairs `referral-committee`
- **2022-01-26** Hearing 2/09 at 1:00 p.m. (Budget and Taxation)
- **2022-03-07** Favorable with Amendments Report by Budget and Taxation `committee-passage-favorable`
- **2022-03-08** Favorable with Amendments { `committee-passage-favorable`
- **2022-03-08** Second Reading Passed with Amendments
- **2022-03-10** Third Reading Passed `passage`
- **2022-03-11** Referred Environment and Transportation `referral-committee`
- **2022-04-01** Favorable with Amendments Report by Environment and Transportation `committee-passage-favorable`
- **2022-04-01** Favorable with Amendments { `committee-passage-favorable`
- **2022-04-01** Second Reading Passed with Amendments
- **2022-04-04** Third Reading Passed `passage`
- **2022-04-05** Senate Concurs House Amendments
- **2022-04-05** Third Reading Passed `passage`
- **2022-04-05** Passed Enrolled
- **2022-04-21** Approved by the Governor - Chapter 238 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/13a3370b-592f-4e78-ac59-7738973efcf8`. Confidence: reported (aggregated from official Maryland legislature records).