---
type: "Bill"
title: "Economic Development - Small Business Guaranty Fund - Alterations"
description: "Economic Development - Small Business Guaranty Fund - Alterations"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2025"
identifier: "SB 1008"
citation: "Maryland SB 1008 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Hayes"]
version_count: 3
action_count: 14
vote_count: 2
first_action: "2025-02-10"
last_action: "2025-04-08"
source: "openstates"
source_identifier: "ocd-bill/e3054f81-86e5-41e2-b817-1c74b3c226e7"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb1008?ys=2025RS&search=True"
source_hash: "c1ffed95fe9d3b3c7c3390553be1dd3061c16040822c787c25a8c576155b3110"
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 1008 (2025) — Economic Development - Small Business Guaranty Fund - Alterations

## Version chain

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

1. **Chapter - Economic Development - Small Business Guaranty Fund - Alterations** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_4_sb1008t.pdf)
2. **First - Economic Development - Small Business Guaranty Fund - Alterations** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/bills/sb/sb1008f.pdf)
3. **Third - Economic Development - Small Business Guaranty Fund - Alterations** (committee substitute) — [source](http://mgaleg.maryland.gov/2025RS/bills/sb/sb1008t.pdf)

## Votes

- On Third Reading — **130–9** (pass) · lower
- On Third Reading — **44–0** (pass) · upper

## Sponsors

- Hayes — primary (person)

## Timeline

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

- **2025-02-10** First Reading Senate Rules `referral-committee`
- **2025-02-21** Rereferred to Finance
- **2025-03-04** Hearing 3/11 at 1:00 p.m.
- **2025-03-14** Favorable with Amendments Report by Finance `committee-passage-favorable`
- **2025-03-14** Favorable with Amendments { `committee-passage-favorable`
- **2025-03-14** Second Reading Passed with Amendments
- **2025-03-17** Third Reading Passed `passage`
- **2025-03-17** Referred Ways and Means `referral-committee`
- **2025-03-17** Hearing 3/27 at 1:00 p.m.
- **2025-04-02** Favorable Report by Ways and Means `committee-passage-favorable`
- **2025-04-02** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2025-04-03** Third Reading Passed `passage`
- **2025-04-04** Returned Passed
- **2025-04-08** Approved by the Governor - Chapter 4 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e3054f81-86e5-41e2-b817-1c74b3c226e7`. Confidence: reported (aggregated from official Maryland legislature records).