Summary of Maryland House Bill 685 (Chapter 622)

Effective Date: October 1, 2024

What is this bill about?

This bill creates a new state organization called the Maryland Aerospace and Technology Commission within the Department of Commerce. This commission’s job is to support and grow industries related to space exploration and commercial aerospace within Maryland.

It also establishes a special fund called the Maryland Aerospace and Technology Fund to support this work financially.

Key points explained in simple terms:

• Maryland Aerospace and Technology Commission: A group made up of government officials, experts from universities and aerospace businesses, and federal space agencies. They work together to encourage innovation and business growth in aerospace and space exploration.
• Purpose: The commission will help Maryland become a stronger player in the aerospace industry by:
• Supporting research and development in space and aerospace fields.
• Helping local businesses and educational institutions connect and grow.
• Encouraging training programs to create jobs in aerospace.
• Promoting partnerships between the government, private businesses, and communities.
• Members: The commission has about 15 to 20 members representing:
  • State government leaders
  • Local NASA centers and related federal agencies
  • Universities and colleges
  • Industry groups related to aerospace and technology
  Members serve 4-year terms, mostly without pay but can be reimbursed for expenses.
• Board and Leadership: The commission is managed by a Board of Directors. They appoint an Executive Director to run day-to-day operations.
• Maryland Aerospace and Technology Fund: A special state fund that will receive money from the state budget, investments, and other sources to support aerospace projects. The money will be used mainly for grants and administrative costs of the commission.
• Grants and Support: The commission can award grants to businesses, nonprofits, government groups, and colleges to help with:
  • Developing new space technologies
  • Research and innovation in space exploration
  • Training workers for aerospace jobs
  • Improving infrastructure that supports aerospace industry growth
• Aerospace Zones: The commission can designate special "Aerospace and Technology Zones" in the state. These zones encourage business growth, education opportunities, and community connections related to aerospace in specific areas, helping to boost local economies.
• Community Collaboration: A group called the Maryland Aerospace Research and Space Economy Collaborative will advise the commission. This group involves local government officials, community leaders, and industry representatives working to link aerospace facilities with the surrounding communities, improve education, transportation, safety, and infrastructure.
• Transparency and Oversight: The commission is required to follow public meeting laws, disclose conflicts of interest, and submit annual reports to the Governor and state legislature describing their activities, finances, and plans.
• Tax and Audit: The commission is exempt from paying state and local taxes. Their financial records will be audited regularly, both by the state and independent auditors.
• Additional Support: The commission may hire a consultant during its first two years to help develop and carry out its strategic plan.

Why is this important?

This bill helps Maryland position itself as a leader in the growing fields of space and aerospace technology. By bringing together government, industry, and education experts, and by providing funding and strategic direction, Maryland can attract new businesses, create skilled jobs, improve infrastructure, and boost its economy in these high-tech industries.