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VETOES
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S.B. 515
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SECTION 7. AND BE IT FURTHER ENACTED, That, subject to the provisions
of Section 6 of this Act, this Act shall take effect June 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 515 — Cecil County - Public Facilities Bonds.
This bill authorizes and empowers the County Commissioners of Cecil County to
borrow not more than $36,100,000 in order to finance the cost of the construction and
improvement of specified public facilities in Cecil County and to effect that borrowing
by the issuance and sale at public or private sale of its general obligation bonds.
House Bill 838, 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 515.
Very truly yours,
Robert L. Ehrlich, Jr.
Governor
Senate Bill No. 515
AN ACT concerning
Cecil County - Public Facilities Bonds
FOR the purpose of authorizing and empowering the County Commissioners of Cecil
County, from time to time, to borrow not more than $36,100,000 in order to
finance the cost of the construction and improvement of certain public facilities
in Cecil County and to effect that borrowing by the issuance and sale at public or
private sale of its general obligation bonds in like amount; empowering the
County to fix and determine, by resolution, the form, tenor, interest rate or rates
or method of determining the same, terms, conditions, maturities, and all other
details incident to the issuance and sale of the bonds; empowering the County to
issue refunding bonds for the purchase or redemption of bonds in advance of
maturity; empowering and directing the County to levy, impose, and collect,
annually, ad valorem taxes in rate and amount sufficient to provide funds for
the payment of the maturing principal of and interest on the bonds; exempting
the bonds and refunding bonds, and the interest thereon and any income
derived therefrom, from all State, County, municipal, and other taxation in the
State of Maryland; and relating generally to the issuance and sale of the bonds
by Cecil County.
- 3144 -
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