---
type: "Bill"
title: "Economic Development - Maryland Agricultural and Resource-Based Industry Development Corporation - Loans"
description: "Economic Development - Maryland Agricultural and Resource-Based Industry Development Corporation - Loans"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2024"
identifier: "HB 120"
citation: "Maryland HB 120 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Addison", "Allen", "Boyce", "J. Long", "Jacobs", "Lehman", "Love", "Ruth", "T. Morgan"]
version_count: 4
action_count: 16
vote_count: 3
first_action: "2023-10-03"
last_action: "2024-05-09"
source: "openstates"
source_identifier: "ocd-bill/bedc40de-f642-414e-9f95-04cb53a5ab40"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/hb0120?ys=2024RS&search=True"
source_hash: "261cbcfd77d29bd968691bdbe3ba6e05e417a7140c9365422c1d9538c7b9007a"
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 HB 120 (2024) — Economic Development - Maryland Agricultural and Resource-Based Industry Development Corporation - Loans

## Version chain

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

1. **Chapter - Economic Development - Maryland Agricultural and Resource-Based Industry Development Corporation - Loans** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/Chapters_noln/CH_574_hb0120e.pdf)
2. **Enrolled - Economic Development - Maryland Agricultural and Resource-Based Industry Development Corporation - Loans** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/hb/hb0120e.pdf)
3. **First - Economic Development – Maryland Watermen’s Microloan Program – Eligibility** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/hb/hb0120f.pdf)
4. **Third - Economic Development – Maryland Watermen’s Microloan Program – Eligibility** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/hb/hb0120t.pdf)

## Votes

- On Third Reading — **134–2** (pass) · lower
- On Third Reading and Final Passage (Hse concurred) — **130–2** (pass) · lower
- On Third Reading (Amend) — **47–0** (pass) · upper

## Sponsors

- Addison — primary (person)
- Allen — primary (person)
- Boyce — primary (person)
- J. Long — primary (person)
- Jacobs — primary (person)
- Lehman — primary (person)
- Love — primary (person)
- Ruth — primary (person)
- T. Morgan — primary (person)

## Timeline

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

- **2023-10-03** Pre-filed `introduction`
- **2024-01-10** First Reading Environment and Transportation `referral-committee`
- **2024-01-10** Hearing 2/07 at 2:30 p.m.
- **2024-02-19** Favorable with Amendments Report by Environment and Transportation `committee-passage-favorable`
- **2024-02-20** Favorable with Amendments { `committee-passage-favorable`
- **2024-02-20** Second Reading Passed with Amendments
- **2024-02-22** Third Reading Passed `passage`
- **2024-02-23** Referred Finance `referral-committee`
- **2024-04-03** Favorable with Amendments Report by Finance `committee-passage-favorable`
- **2024-04-03** Favorable with Amendments { `committee-passage-favorable`
- **2024-04-03** Second Reading Passed with Amendments
- **2024-04-03** Third Reading Passed `passage`
- **2024-04-05** House Concurs Senate Amendments
- **2024-04-05** Third Reading Passed `passage`
- **2024-04-05** Passed Enrolled
- **2024-05-09** Approved by the Governor - Chapter 574 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bedc40de-f642-414e-9f95-04cb53a5ab40`. Confidence: reported (aggregated from official Maryland legislature records).