1967]                                OF THE SENATE                                    37

diately after Section 150 (d) thereof, to change the manner of appoint-
ment of the members of the board of license commissioners and to fix
the number of liquor inspectors for Baltimore County.

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, Conroy, Curran, Dean, Dorf,
Friedler, Hodges, Hoyer, Hughes (H.), Lee, Malkus, Manning, McCourt, Nock, Pine,
Schweinhaut, Smelser, Snyder, Staszak, Staten, Stone, Wineland.                  Total—26

Negative

Senators—

Anderson, Bailey, Bishop, Clark, Connolly, Finney, Gore, Hall, Hart, Hughes (G.),
Lapides, Mitchell, McGuirk, Steffey, Steinberg.                                              Total—15

May 4, 1967.

Honorable Marvin Mandel
Speaker of the House of Delegates
State House
Annapolis, Maryland

Dear Mr. Speaker:

In accordance with Section 17 of Article II of the Maryland
Constitution, I have vetoed today House Bill 623 and am returning
it to you.

This bill would authorize the trustees of the State retirement
systems to make agreements with the State Roads Commission to
lend money for the advance acquisition of rights of way for improve-
ments of the roads system.

The Boards of Trustees of the retirement systems have unani-
mously and strongly urged me to veto this measure. They point out
that its implementation would create "many complicated and insol-
vable problems"; that it entails an improper approach for the invest-
ment of retirement funds; and that present investments of the
systems provide a greater return than that allowable under the bill.

The objectives of the bill are meritorious and reflect a condition
for which some relief should be provided—the need for funds for
advance right of way acquisitions on the basis of long-range needs
planning in a period of rising land costs.

Nevertheless, this bill at best would amount to nothing more
than a temporary and inadequate answer to a vital problem deserving
of more attention and a more complete solution. I hope that a reason-
ably early proposal designed to provide a satisfactory and permanent
method of financing future right of way acquisitions for the State
roads system will be forthcoming.

For the present, however, I am compelled to veto this bill.

Sincerely yours,

(s) Spiro T. Agnew,

Governor.