3004                                    LAWS OF MARYLAND                                 Ch. 796

SECTION 8. AND BE IT FURTHER ENACTED, That any person
brought under the provisions of Article 40A relating to
public officials by regulations established under §
l-201(aa)(l)(iii) of Article 40A shall not be required to be
in compliance with these provisions of Article 40A until two
months after those regulations have become effective.

SECTION 9. AND BE IT FURTHER ENACTED, That any member
of a board or commission filing as required by § 4-101(a)(2)
of Article 40A shall not be required to file until two
months after the regulations required by § 4-101(b) have
become effective.

SECTION ? 8 10. AND BE IT FURTHER ENACTED, That this
Act shall take effect July June 1, 1981.

Approved May 19, 1981.

CHAPTER 797

(House Bill 1717)

AN ACT concerning

Montgomery County - Cooperative Housing Corporations

MC 212-81

FOR the purpose of providing that Montgomery County may levy
and impose a certain tax on the transfer of certain
property which is to be converted from rental status to
cooperative housing corporation ownership status; and
providing that the tax shall be paid by the initial
transferor; and specifying that certain provisions of
law relating to a certain type of cooperative may not
be construed to restrict the authority of Montgomery
County to regulate the conversion of residential rental

property to ownership by a cooperative housing

corporation.

BY repealing and reenacting, with amendments,

The Public Local Laws of Montgomery County
Section 52-20

Article 16 - Public Local Laws of Maryland
(1977 Replacement Volume and 1978 Supplement,
as amended)

BY adding to

Article - Corporations and Associations
Section 5-6A-09