2264

VETOES

House Bill No. 43

AN ACT concerning

Baltimore City — Residential Energy Conservation
Financing Bond Issue

FOR the purpose of authorizing the Mayor and City Council of
Baltimore to create a debt, and to issue and sell its
certificates of indebtedness as evidence thereof, to an
amount not exceeding Two Million Dollars
($2,000,000.00), the proceeds derived from the sale of
the certificates of indebtedness to be used to make or
contract to make financial loans to any person or other
legal entity to be used for or in connection with the
modernization or improvement of buildings or structures
within the boundaries of Baltimore City, for the
purpose of promoting energy conservation and making
said buildings or structures more energy efficient,
which buildings or structures are to be used or
occupied for residential purposes; to guarantee or
insure financial loans made by third parties to any
person or other legal entity which are to be used for
or in connection with the modernization or improvement
of buildings or structures within the boundaries of
Baltimore City, for the purpose of promoting energy
conservation and making said buildings or structures
more energy efficient, which buildings or structures
are to be used or occupied for residential purposes,
and for doing any and all things necessary, proper or
expedient in connection with or pertaining to any or
all of the matters or things hereinbefore mentioned;
authorizing said municipality to submit an ordinance or
ordinances for said purpose to the legal voters of
Baltimore City, and providing generally for the
issuance and sale of said certificates of indebtedness;
and making this Act an emergency measure.

May 29, 1979

Honorable Benjamin L. Cardin
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 43.

This bill authorizes the Mayor and City council of
Baltimore to create a $2,000,000 debt for the purpose of
"Residential Energy Conservation Financing" after further