---
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: "SB 32"
citation: "Maryland SB 32 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Bailey", "Klausmeier"]
version_count: 3
action_count: 16
vote_count: 2
first_action: "2023-10-03"
last_action: "2024-05-09"
source: "openstates"
source_identifier: "ocd-bill/66707bd6-958d-428d-8ea6-9b24c6d89d88"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0032?ys=2024RS&search=True"
source_hash: "ff889ce5c58171d3c223d3436527848bb462b1a1afdb2be6af4fca781c4446a2"
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 32 (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_573_sb0032t.pdf)
2. **First - Economic Development - Maryland Watermen's Microloan Program - Eligibility** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/sb/sb0032f.pdf)
3. **Third - Economic Development - Maryland Agricultural and Resource-Based Industry Development Corporation - Loans** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/sb/sb0032t.pdf)

## Votes

- On Third Reading — **46–0** (pass) · upper
- On Third Reading — **137–2** (pass) · lower

## Sponsors

- Bailey — primary (person)
- Klausmeier — primary (person)

## Timeline

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

- **2023-10-03** Pre-filed `introduction`
- **2024-01-10** First Reading Finance `referral-committee`
- **2024-01-17** Hearing 2/06 at 1:00 p.m.
- **2024-02-15** Favorable with Amendments Report by Finance `committee-passage-favorable`
- **2024-02-19** Favorable with Amendments { `committee-passage-favorable`
- **2024-02-19** Floor Amendment {
- **2024-02-19** Second Reading Passed with Amendments
- **2024-02-22** Third Reading Passed `passage`
- **2024-02-23** Referred Environment and Transportation `referral-committee`
- **2024-03-21** Hearing 3/27 at 1:00 p.m.
- **2024-04-03** Favorable Report by Environment and Transportation `committee-passage-favorable`
- **2024-04-03** Favorable Adopted `committee-passage-favorable`
- **2024-04-03** Second Reading Passed
- **2024-04-04** Third Reading Passed `passage`
- **2024-04-04** Returned Passed
- **2024-05-09** Approved by the Governor - Chapter 573 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/66707bd6-958d-428d-8ea6-9b24c6d89d88`. Confidence: reported (aggregated from official Maryland legislature records).