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June 21
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32
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JOURNAL OF PROCEEDINGS
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development district fund created under the Tax Increment
Financing Act by a county or municipality for any legal purpose
if no bonds authorized by the Act are outstanding. This is in
addition to other permissible uses of such money.
Senate Bill 618, which was passed by the General Assembly
and signed by me on May 24, 1983, accomplishes the same purpose.
Therefore it is not necessary for me to sign House Bill 1007.
Sincerely,
Harry Hughes
Governor
Read and ordered journalized.
House Bill No. 1007
AN ACT concerning
Tax Increment Financing - Disbursement
of Amounts Retained
FOR the purpose of permitting certain moneys in a special fund
for a development district created by the "Tax Increment
Financing Act" to be paid to the municipality or county that
created the development district to be used for any legal
purpose to the extent that the moneys exceed the unpaid debt
service with respect to bonds issued by the development
district; providing that this Act shall apply to any
development district and special funds created prior to a
certain date; providing for a contingency by which this Act
may be void and of no further effect; and generally relating
to the disposition of any amounts retained during any fiscal
year in any special fund for a development district.
BY repealing and reenacting, with amendments,
Article 41 - Governor - Executive and Administrative
Departments
Section 266JJ-8
Annotated Code of Maryland
(1982 Replacement Volume)
The Speaker put the question: Shall the Bill pass,
notwithstanding the objections of the Executive?
The roll call vote resulted as follows:
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Affirmative: 0 Negative: 130
(See Roll Call No. 33)
The Speaker announced the veto was sustained.
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