Revenue Stabilization Account - Transfer of Funds - State Disaster Recovery Fund
HB 953 authorizes the Governor, with the Board of Public Works' approval, to transfer funds from Maryland's Revenue Stabilization Account to the State Disaster Recovery Fund. This specifically allows using surplus state funds for disaster recovery efforts after major emergencies, such as natural disasters. The transfer is limited to amounts that leave at least 5% of the Revenue Stabilization Account's estimated annual revenue balance. The bill modifies existing law to streamline this process without creating new programs or funding streams.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2026
Committee Review
Apr 2026
House of Delegates Passage
Apr 2026
Senate Passage
Apr 2026
Signed into Law
May 2026
Introduced Feb 5, 2026
Signed May 12, 2026
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What changed between versions
First - Revenue Stabilization Account - Transfer of Funds - State Disaster Recovery Fund
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Third - Revenue Stabilization Account - Transfer of Funds - State Disaster Recovery Fund
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5 edits
MODERATE
The bill was formally adopted and assigned a committee report, moving it from its initial reading to a later stage in the legislative process. The text of the bill was reorganized to clarify the legal authority for transferring funds between the Revenue Stabilization Account and the State Disaster Recovery Fund, ensuring the process aligns with specific budgetary thresholds and approval requirements.
Scope change
The bill's scope remains focused on state disaster recovery funding mechanisms, but the procedural status has advanced significantly from introduction to adoption.
TIMELINE
Added procedural markers indicating the bill was read for the second time on March 2, 2026, and assigned a favorable committee report.
TECHNICAL
Added signature lines for the Governor, Speaker of the House, and President of the Senate to finalize the bill's approval.
Reordered the bill's preamble and explanatory notes to standardize the format for reenacting existing laws.
DEFINITION
Reorganized the definitions of the 'Fund' and 'Account' to clearly distinguish between the State Disaster Recovery Fund and the Revenue Stabilization Account.
REQUIREMENT
Clarified the conditions under which the Governor can transfer funds, specifically distinguishing between transfers that maintain a 5% balance threshold and those that dip below it.
Floor votes · Senate Mar 27, 2026 · House of Delegates Mar 3, 2026
How they voted
38–0
Passed · 11 other
Total votes 49
Mar 27, 2026
D
Democratic36
77% Yea
R
Republican13
76% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
18
Key actions
10
Committee
6
May 12, 2026
Signed into law
Approved by the Governor - Chapter 450
executive
Apr 13, 2026
Lower · Passed
Returned Passed
lower
Apr 13, 2026
Upper · Passed
Third Reading Passed
upper
Apr 10, 2026
Upper · Passed
Favorable Adopted
upper
Apr 10, 2026
Upper · Passed
Favorable Report by Budget and Taxation
upper
Mar 27, 2026
Senate · Passed
Senate Vote: pass (38-0-11)
senate
Mar 18, 2026
Committee
Referred Budget and Taxation
upper
Mar 17, 2026
Lower · Passed
Third Reading Passed
lower
Mar 17, 2026
Lower · Passed
Favorable Adopted
lower
Mar 16, 2026
Lower · Passed
Favorable Report by Appropriations
lower
Mar 3, 2026
House Of Delegates · Passed
House of Delegates Vote: pass (132-0-10)
house of delegates
Feb 5, 2026
Committee
First Reading Appropriations
lower
2 primary · 0 co-sponsors
Sponsors
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