Governor’s Blind Trust & Nonparticipation Agreement

Maryland Governor’s Blind Trust & Nonparticipation Agreement

In 2025, the General Assembly passed HB 932 (CH 300) requiring the Governor to place certain interests into a certified blind trust approved by the State Ethics Commission and enter into a Nonparticipation Agreement for any interests held by the Governor that are not included in the blind trust. The specific provisions related to these requirements are found in §5-501.1 of the Maryland Public Ethics Law. Additional blind trust requirements are set forth in the Commission’s regulations in COMAR 19A.06.

HB 932 (CH 300 2025)
Blind Trust Regulations – COMAR – (Blind Trust Regulations will be updated by 7/1/26)
19A.06.01
19A.06.02
19A.06.03

Effective October 1, 2026, the State Ethics Commission is required to post the Governor’s approved certified blind trust documents and Nonparticipation Agreement. (Md. Code Ann., §5.50-1.1(b)(3), Gen’l Prov. (Supp. 2025))

Current Governor’s Disclosure Documents:

Governor Moore’s Approved Certified Blind Trust Agreement and documents – COMING SOON

Governor Moore’s Nonparticipation Agreement – COMING SOON

Additionally, beginning on 10/1/25, the Governor is required certify to the State Ethics Commission annually by January 31st each year that the Governor has:

• Obtained no new interests in the immediately preceding year that are not included in the blind trust; or
• Entered into a nonparticipation agreement with the Ethics Commission for any new interest obtained in the immediately preceding year that was not included in the blind trust.

Current Governor’s Annual Compliance Certification: – Due 1/31/26