1470                                          LAWS OF MARYLAND                                Ch. 561

OWNERSHIP OF ANY KIND IN STOCK OF THE LICENSEE ATTRIBUTED
TO THE AFFIANT BY THE NOTICE TO THE AFFIANT; AND

(III) THE AMOUNT AND NATURE OF THE

OWNERSHIP OF ANY OTHER PERSON.

(4)          NOTWITHSTANDING THE AFFIDAVIT

REQUIREMENTS OF THIS SUBSECTION,__THE COMMISSION MAY

LIMIT, IN ITS DISCRETION, THE OWNERSHIP THAT MUST BE
REPORTED IN AN AFFIDAVIT TO 2% OR MORE OF THE BENEFICIAL
OWNERSHIP OF THE LICENSEE.

(5)    EACH LICENSEE SHALL SUBMIT THE OWNERSHIP

RECORDS AND AFFIDAVITS REQUIRED BY THIS SECTION TO THE

COMMISSION ANNUALLY AND AT THE OTHER TIMES REQUIRED BY
THE COMMISSION. ANY CHANGE IN THE RECORD OWNERSHIP OR
BENEFICIAL OWNERSHIP OF STOCK OF ANY LICENSES SHALL BE
REPORTED PROMPTLY TO THE COMMISSION. UPON THE FAILURE OF
ANY LICENSEE TO MAINTAIN AND REPORT RECORDS OF OWNERSHIP
OF STOCK, AS REQUIRED BY THIS SUBSECTION, OR THE FAILURE
OF ANY LICENSEE TO MAKE A REASONABLE EFFORT TO OBTAIN THE
AFFIDAVITS REQUIRED BY THIS SUBSECTION, THE COMMISSION

SHALL SUSPEND OR REVOKE THE LICENSE OF THE TRACK FOR A

PERIOD DETERMINED BY THE COMMISSION.

SECTION. [[2]] 3. AND BE IT FURTHER ENACTED, That
this Act shall take effect July 1, 1976.

Approved May 17, 1976.

CHAPTER 562

(Senate Bill 85)

AN ACT concerning

Sanitary Districts — Borrowing Powers

FOR the purpose of providing certain additional borrowing
powers for the Sanitary Districts of the State; and
providing for an exception.

BY adding to

Article 43 - Health

Section 650(b)(17)

Annotated Code of Maryland

(1971 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 650(b)(17) be and it is hereby