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Ch. 588 2006 LAWS OF MARYLAND
(2) FOR REFUNDS, 3 PERCENTAGE POINTS ABOVE THE AVERAGE PRIME
RATE OF INTEREST QUOTED BY COMMERCIAL BANKS TO LARGE BUSINESSES
DURING THE STATE'S PREVIOUS FISCAL YEAR. BASED ON DETERMINATION BY THE
BOARD OF GOVERNORS OF THE FEDERAL RESERVE BANK.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2006, and shall be applicable to all refunds issued for overpayments made on
or after July 1, 2006.
Enacted May 26, 2006.
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CHAPTER 588
(House Bill 881)
AN ACT concerning
Maryland Food Center Authority - Technical Changes
FOR the purpose of clarifying the membership of the Maryland Food Center
Authority; clarifying that the ex officio members of the Authority are voting
members; authorizing ex officio Authority members to name designees to vote in
their absence; providing that at the end of a term an Authority member serves
until a successor is appointed and qualifies; repealing certain provisions of law
establishing an advisory council to the Authority; providing for the issuance of
federally taxable or tax-exempt bonds; repealing certain provisions of law
limiting the value of certain revenue bonds that the Authority may issue;
clarifying that sale of bonds may be competitive or negotiated; authorizing the
deposit of certain revenues into certain funds or reserves; authorizing the use of
certain revenues for the operation, improvement, maintenance, and protection
of developments or projects; repealing certain provisions of law authorizing the
Authority to ensure that a development or project be constructed and paid for
under certain supervision and with certain approval; repealing certain
provisions of law authorizing that security given by a contractor or a depositary
of certain proceeds, revenues, or other money be satisfactory to certain persons;
repealing certain other obsolete provisions concerning bonds of the Authority;
making stylistic changes; and generally relating to the Maryland Food Center
Authority.
BY repealing
Article 41 - Governor - Executive and Administrative Departments
Section 13-103(b) and 13-107
Annotated Code of Maryland
(2003 Replacement Volume and 2005 Supplement)
BY adding to
Article 41 - Governor - Executive and Administrative Departments
Section 13-103(b)
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