2312

LAWS OF MARYLAND

[Ch. 408

State Treasurer to the Board for or on account of
salaries and expenses, but that the same shall be paid to
them by and from the fees received for the examination
and certificates hereinbefore provided for[; and provided
further, that the]. THE board shall keep a strict
account of all fees received for such purposes, and
quarterly, under oath or affirmation, return the
statement to the Comptroller of the State Treasury[; and
whenever]. WHENEVER the amount is in excess of the
salaries and expenses hereinbefore provided for they
shall forward such excess to the Comptroller[, and they
keep a certificate book with the certificate therein duly
numbered and of which to each certificate there is a
corresponding stub to be filled in to correspond in all
respects to the certificate issued, and subject to the
inspection of the Comptroller, when he may deem the same
necessary]. Provided, however, this subtitle shall only
apply in Baltimore City.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 22, 1975.

CHAPTER 409
(House Bill 136)

AN ACT concerning

Department of Economic and Community Development —
Home Financing Program

FOR the purpose of creating the Home Financing Program
within the Department of Economic and Community
Development, authorizing the Department to make
direct mortgage loans to certain home buyers,
establishing certain eligibility criteria for such
loans, authorizing the Department to adopt rules and
standards relating to the program, prohibiting
certain false statements and providing penalties
therefor, abolishing the Division of Home Financing,
altering the subtitle, correcting language, and
relating generally to a Home Financing Program.

BY repealing

Article 41 — Governor—Executive and
Administrative Departments