1967]                                OF THE SENATE                                    29

First, it would supplement a prior very substantial authorization
of $50 million, certainly a heavy present investment in hospital
expansion.

Next, even though the hospitals affected would eventually repay
loans under the program, initial debt service would involve the State
property tax which our fiscal reform and pay-as-you-go programs are
attempting to reduce.

Finally, the bill and its predecessor give more favorable treat-
ment to private hospital loans than to similar grants for public school
construction. Counties are required to repay school loans within the
bond term, whereas the hospitals are given a much greater length of
time, 25 years, to amortize the indebtedness.

In my opinion, the entire matter of extending State credit in
these private areas should be thoroughly restudied. The conventional
long-range needs of the State are so overwhelming that its credit
must be preserved for its designated responsibilities.

For these reasons I am compelled to veto the bill.

Sincerely yours,

(s) Spiro T. Agnew,

Governor.

Senate Bill No. 482—By Senators H. Hughes and Pine.

AN ACT to authorize the creation of a State debt in the aggre-
gate amount of Twenty Million Dollars ($20,000,000.00) for the
purpose of aiding in the financing of certain loans to be made to
voluntary nonprofit hospitals upon completion of the construction,
expansion, relocation, replacement or modernization of their hospital
buildings, facilities, and equipment; providing generally for the terms
and conditions of creating this debt and for expending funds there-
under; providing generally for the issue and sale of certificates
evidencing this loan; and to repeal and re-enact, with amendments,
Section 568F (a) and (b) of Article 43 of the Annotated Code of
Maryland (1965 Replacement Volume), title "Health," subtitle
"Maryland Hospital Commission," to change the conditions and
procedures for repayment of State loans made to nonprofit hospitals,
to change the basis for determination of the rate of interest to be
charged upon the repayment of a hospital loan, and to provide for the
effect of these changed conditions on loans approved prior to the
effective date of this Act.

The President put the question: shall the bill pass notwithstanding
the objections of the Executive?

The President announced the veto was not sustained by roll call as
follows:

Affirmative

Senators—

Mr. President, Bertier, Bertorelli, Brubaker, Byron, Clark, Connolly, Conroy, Curran,
Dean, Dorf, Emanuel, Finney, Hart, Hodges, Hoyer, Hughes (H.), Lapides, Lee,
Malkus, Manning, Mitchell, McCourt, McGuirk, Nock, Pine, Schweinhaut, Smelser,
Snyder, Staszak, Staten, Steinberg, Stone, Welcome, Wineland.                     Total—35

Negative
Senators—

Anderson, Bailey, Bishop, Friedler, Gore, Hall, Hughes (G.), Steffey. Total—8