268                             LAWS OF MARYLAND                       [CH. 93

sioners are hereby authorized to borrow, on the credit of the county,
on promissory notes, such sums of money, not to exceed the sum of
[three hundred thousand] seven hundred and fifty thousand dollars
in any one year for the purpose of paying any expenses or obliga-
tions of the county, even though no specific legislative authority to
make the particular loan shall have been first had and obtained.

Sec. 2. And be it further enacted, That this Act is hereby declared
to be an emergency measure and necessary for the immediate preser-
vation of the public health and safety and having been passed by a
yea and nay vote supported by three-fifths of all the members elected
to each of the two houses of the General Assembly, the same shall
take effect from the date of its passage.

Approved April 9, 1969.

CHAPTER 93
(House Bill 967)

AN ACT to repeal and re-enact, with amendments, Section 116A (a)
of the Code of Public Local Laws of Calvert County (1963 Edition,
being Article 5 of the Code of Public Local Laws of Maryland),
title "Calvert County," subtitle "County Commissioners," provid-
ing that it may not be necessary to have each county department,
board or agency which receives county funds in Calvert County to
have its annual financial statement prepared by a certified public
accountant, but that if such an audit is deemed necessary, the
cost shall be borne by the County Commissioners.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 116A(a) of the Code of Public Local Laws of Calvert
County (1963 Edition, being Article 5 of the Code of Public Local
Laws of Maryland), title "Calvert County," subtitle "County Commis-
sioners," be and the same is hereby repealed and re-enacted, with
amendments, to read as follows:

116A.

(a) Each county department, agency or board receiving county
funds shall submit to the County Commissioners annually on or be-
fore October 1st, an audited financial statement prepared on an ac-
crual basis containing at least a balance sheet and statement of in-
come and expenses. The term audited financial statement does not
contemplate a certified public accountant's audit, but if such is
deemed necessary, the cost shall be borne by the County Commis-
sioners.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1969.

Approved April 9, 1969.