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S.B. 171
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VETOES
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
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May 26, 2006
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis, MD 21401
Dear Mr. President:
In accordance with Article II, Section 17 of the Maryland Constitution, today I have
vetoed Senate Bill 171 - State Treasurer - Designation of Financial Institution for
Banking Services.
This bill provides that the Treasurer shall give a specified percentage of the weight of
the decision to specified standards in deciding whether to designate a financial
institution as a depositary for State money and make an agreement with a financial
institution for a banking service; and requires the Treasurer to consider whether a
financial institution received a specified rating on its most recent examination under
the federal Community Reinvestment Act of 1977.
House Bill 300, which was passed by the General Assembly and signed by me,
accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate
Bill 171.
Very truly yours,
Robert L. Ehrlich, Jr.
Governor
Senate Bill No. 171
AN ACT concerning
State Treasurer - Designation of Financial Institution for Banking Services
FOR the purpose of requiring the Treasurer to give a certain percentage of the weight
of the decision to certain standards in deciding whether to designate a financial
institution as a depositary for State money and make an agreement with a
financial institution for a banking service; requiring the Treasurer to consider
whether a financial institution received a certain rating on its most recent
examination under the federal Community Reinvestment Act of 1977; requiring
the Treasurer to consider certain Maryland-specific information if a financial
institution operates in a state other than Maryland; requiring the Treasurer to
consider whether, during a certain period, a court in Maryland has found, in a
final adjudication, that a financial institution has violated an
antidiscrimination statute or regulation; authorizing the Treasurer to consider
whether, during a certain period, a court outside Maryland has found, in a final
adjudication, that a financial institution has violated an antidiscrimination
statute or regulation; authorizing the Treasurer to determine how to assess a
- 2978 -
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