832

LAWS OF MARYLAND

Ch. 282

business or commercial investment,
but only if the loan "is more than
$5,000". However, by amendment to
the definition of "secondary
mortgage                                              loan"

(§12-401(j) (2) (ii)), the same Act
already exempted such a loan from
the scope of this subtitle.
Consequently, present item (2) is
redundant and, therefore, this
subsection is amended to delete
it.

SECTION 2. AND BE IT FURTHER ENACTED, That the
Revisor's Notes contained in this Act are not law and may
not be considered to have been enacted as a part of this
Act.

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

Approved May 4, 1976.

CHAPTER 283
(Senate Bill 327)

AN ACT concerning

Vehicle Laws — Vehicle Equipment Safety Compact

FOR the purpose of [[revising the procedures for adopting
rules, regulations, or codes recommended by the
Vehicle Equipment Safety Commission and the manner
in which these rules, regulations, or codes become
effective in this State; and generally relating to
vehicle equipment and vehicle equipment safety]]

redefining the authority of the Administrator of the
Motor Vehicle Administration and revising the procedures

for promulgating rules or regulations adopting a rule,

regulation or code recommended by the Vehicle Equipment
Safety Commission.

BY repealing [[and reenacting, with amendments,]]

Article 66 1/2 — Vehicle Laws

Section 12-602

Annotated Code of Maryland

(1970 Replacement Volume and 1975 Supplement)