BLAIR LEE III,

Acting Governor

3187

AN ACT concerning

Capital Debt Management Program

FOR the purpose of providing for an annual affordability
analysis of the State debt; creating the Capital Debt
Affordability Committee and providing for its
composition and duties; providing for the allocation of
proposed new State debt among various categories of
capital projects and for notice thereof; providing for
a consolidated capital debt program, including a
Consolidated loan Budget and one or more bills to
appropriate loan authorizations; and relating generally
to the evaluation and creation of State debt.

May 29, 1978
Honorable John Hanson Briscoe
Speaker of the House of Delegates
State House
Annapolis, Maryland 21404

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the
Maryland Constitution, I have today vetoed House Bill 921.

This Administration bill creates a capital debt
management program.

Senate Bill 575, which was enacted by the General
Assembly and signed by me on April 11, 1978, is the
companion Administration bill which accomplishes the same
purpose.

Therefore it is unnecessary for me to sign House Bill
921.

Sincerely,
Blair Lee III
Acting Governor

House Bill No. 930 - State Grants to Subdivisions

AN ACT concerning

State Grants to Subdivisions

FOR the purpose of repealing obsolete provisions to increase
State grants to subdivisions-