Reference No. CB-001-2026    Draft No. 1
Type: Council Bill Status: Presentation and referral
Meeting Body County Council
Meeting Date 1/27/2026
Introduced Date Public Hearing Date
Effective date:    
Title: AN ACT CONCERNING COUNTY EQUITY PARTICIPATION AUTHORITY ACT for the purpose of authorizing Prince George’s County to acquire, hold, and manage equity interests in development projects; requiring the development of a County Equity Participation Action Plan; establishing mechanisms for County co-ownership through special purpose entities; limiting County financial exposure; requiring Council approval and transparency; and generally relating to public investment and economic development.
Proposers/Sponsors: Krystal Oriadha
Attachments: 1. B2026001, 2. CB-001-2026 Summary
Contact: Josh Hamlin, Legislative Attorney

Title

AN ACT CONCERNING COUNTY EQUITY PARTICIPATION AUTHORITY ACT for the purpose of authorizing Prince George’s County to acquire, hold, and manage equity interests in development projects; requiring the development of a County Equity Participation Action Plan; establishing mechanisms for County co-ownership through special purpose entities; limiting County financial exposure; requiring Council approval and transparency; and generally relating to public investment and economic development.

 

Background

This bill will authorize the County to acquire, hold, and manage equity interests in certain development projects, and to establish mechanisms for County co-ownership through special purpose entities. It will also require the County Executive to develop a County Equity Participation Action Plan in consultation with the County Revenue Authority, Redevelopment Authority, Housing Authority, Land Bank Authority, and Economic Development Corporation. The bill also includes provisions limiting the County's financial exposure, and requires an annual report to the Council on County equity participation in development.



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