HARRY HUGHES, Governor                               2443

(3) At any other time that the Bank Commissioner
considers necessary.

[5-203.

For each examination of a banking institution, the
institution shall pay the Bank Commissioner the sum of:

(1)  $250;

(2)  5 cents for each $1,000 of the assets of the
institution over $50,000; and

(3) If the examination has to be extended beyond
the principal bank building of the institution, an
additional charge of not more than $25 a day for each
examiner engaged in that part of the examination.]

5-203.

(A)  THE BANK COMMISSIONER SHALL IMPOSE ANNUAL
ASSESSMENTS ON EACH BANKING INSTITUTION AS PROVIDED IN THIS
SECTION, TO COVER THE EXPENSE OF REGULATING BANKING
INSTITUTIONS.

(B) (1) THE BANK COMMISSIONER SHALL ASSESS EACH
BANKING INSTITUTION THE SUM OF:

(I)  $1,000; PLUS

(II)  8 CENTS FOR EACH $1,000 OF THE ASSETS
OF THE INSTITUTION OVER $1,000,000.

(2) THE ASSESSMENTS SHALL BE BASED ON ASSETS
STATED IN A BANKING INSTITUTION'S MOST RECENT FINANCIAL
REPORT.

(C)  A BANKING INSTITUTION SHALL PAY THE ASSESSMENT
IMPOSED UNDER THIS SECTION TO THE BANK COMMISSIONER ON OR
BEFORE THE FEBRUARY 1 AFTER IT IS IMPOSED.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1981.

Approved May 19, 1981.

CHAPTER 619
(House Bill 541)
AN ACT concerning

Calvert Memorial Hospital - General Obligation Bonds