Creation of a State Debt - Maryland Consolidated Capital Bond Loan of 2025, and the Maryland Consolidated Capital Bond Loans of 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, and 2024

SB 320 authorizes Maryland to issue $1.814 billion in state bonds (the "2025 Consolidated Capital Bond Loan") to fund public infrastructure projects. The funds will support state-owned building construction, renovations, equipment, and capital improvements, while also providing grants to local governments and organizations for community development projects - requiring recipients to provide matching funds. The bill sets deadlines for spending the funds, clarifies bond proceeds usage, and amends 15 prior bond acts (2011-2024) to update project requirements and financial rules. It also establishes a property tax to help repay the debt, ensuring transparency in how the money is allocated and spent.