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Session Laws, 1976
Volume 734, Page 2309   View pdf image
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MARVIN MANDEL, Governor                             2309

TO A FINE OF NOT MORE THAN $2,500 OR IMPRISONMENT FOR NOT
MORE THAN SIX MONTHS, OR BOTH.

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

Approved May 17, 1976.

CHAPTER 845

(House Bill 1985)

AN ACT concerning

Worcester County — Alcoholic Beverages
(Borrowing Power of Liquor Control Board)

FOR the purpose of altering the sum of money that the
liquor control board may borrow from a banking
institution in Worcester County, prorating certain
funds over a certain period of time; making this Act
subject to a certain contingency; and clarifying
language.

BY repealing and reenacting, with amendments,

Article 2B — Alcoholic Beverages

Sections 160 (b) and (c)

Annotated Code of Maryland

(1968 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Sections 160 (b) and (c) of Article 2B -
Alcoholic Beverages, of the Annotated Code of Maryland
(1968 Replacement Volume and 1975 Supplement) be and
they are hereby repealed and reenacted, with amendments,
to read as follows:

Article 2B — Alcoholic Beverages

160.

(b) The liquor control board [also shall be
authorized to] MAY borrow money from time to time from
any banking institution [,] on its own credit.
[Provided, that the] THE aggregate sum advanced to [and/]
or borrowed by the liquor control board [shall at no
time] MAY NOT exceed [$5,000.00] $5,000 in Somerset
County, [$75,000.00] $75,000 in Harford County,
[$20,000.00] $20,000 in Kent County, [$25,000.00] $25,000
in Wicomico County and [$100,000.00] $200,000 in

 

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Session Laws, 1976
Volume 734, Page 2309   View pdf image
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