---
type: "Bill"
title: "Seed Community Development Anchor Institution Fund - Alterations"
description: "Seed Community Development Anchor Institution Fund - Alterations"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2024"
identifier: "SB 418"
citation: "Maryland SB 418 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Watson"]
version_count: 3
action_count: 14
vote_count: 2
first_action: "2024-01-18"
last_action: "2024-04-25"
source: "openstates"
source_identifier: "ocd-bill/206e9b70-d84b-48a9-912b-58e200980b83"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0418?ys=2024RS&search=True"
source_hash: "48b47c7c4e2e2bea83abb2c4fd08a2cd2205e0fef1a2bef6dac07e46e2307a9a"
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 418 (2024) — Seed Community Development Anchor Institution Fund - Alterations

## Version chain

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

1. **Chapter - Seed Community Development Anchor Institution Fund - Alterations** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/Chapters_noln/CH_157_sb0418t.pdf)
2. **First - Seed Community Development Anchor Institution Fund - Alterations** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/sb/sb0418f.pdf)
3. **Third - Seed Community Development Anchor Institution Fund - Alterations** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/sb/sb0418t.pdf)

## Votes

- On Third Reading — **126–10** (pass) · lower
- On Third Reading — **45–0** (pass) · upper

## Sponsors

- Watson — primary (person)

## Timeline

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

- **2024-01-18** First Reading Education, Energy, and the Environment `referral-committee`
- **2024-01-24** Hearing 2/08 at 1:00 p.m.
- **2024-02-19** Favorable Report by Education, Energy, and the Environment `committee-passage-favorable`
- **2024-02-21** Favorable Adopted `committee-passage-favorable`
- **2024-02-21** Second Reading Passed
- **2024-02-27** Third Reading Passed `passage`
- **2024-02-28** Referred Environment and Transportation `referral-committee`
- **2024-03-18** Hearing 3/19 at 1:00 p.m.
- **2024-03-27** Favorable Report by Environment and Transportation `committee-passage-favorable`
- **2024-03-27** Favorable Adopted `committee-passage-favorable`
- **2024-03-27** Second Reading Passed
- **2024-03-29** Third Reading Passed `passage`
- **2024-04-01** Returned Passed
- **2024-04-25** Approved by the Governor - Chapter 157 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/206e9b70-d84b-48a9-912b-58e200980b83`. Confidence: reported (aggregated from official Maryland legislature records).