HARRY HUGHES, Governor

4547

Article 23 - Miscellaneous Companies

Section 427

Annotated Code of Maryland

(1981 Replacement Volume and 1981 Supplement)

to be

Article 81 - Revenue and Taxes

Section 12G-11

Annotated Code of Maryland

(1980 Replacement Volume and 1981 Supplement)

BY repealing and reenacting, with amendments, and
transferring from the Code to the Session Laws

Article 23 - Miscellaneous Companies

Section 412 through 426A, inclusive, and 428 and 429,

and the amended subtitle "Development Credit

Corporation of Maryland"
Annotated Code of Maryland
(1981 Replacement Volume and 1981 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section(s) 5-510 of Article - Financial
Institutions, of the Annotated Code of Maryland be
renumbered to be Section(s) 5-511.

SECTION 2. AND BE IT FURTHER ENACTED, That section(s)
of the Annotated Code of Maryland read(s) as follows:

Article 41 - Governor - Executive and Administrative

Departments

257D.

(a) The following agencies, boards, commissions,
councils, corporations, authorities, trusts, and divisions
shall be included within the Department of Economic and
Community Development:

(2) Development Credit Corporation OF MARYLAND

REVISOR'S NOTE: Ch.____, Acts of 1982, which

transferred to the Session Laws provisions that
relate to the creation and operation of the
Development Credit Corporation, also amended
subsection (a)(2) of this section to give the
correct corporate name.

Article 23, § 427, which exempted the Corporation
from the State income tax and provides for tax