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ROBERT L. EHRLICH, JR., Governor
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S.B. 1099
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(2) Purchasing an existing branch from a bank or an insured depository
institution; or
(3) Converting former headquarters or retaining former branches
following:
(i) The purchase of all or substantially all of the assets of a bank or
an insured depository institution; or
(ii) A merger or a consolidation with a bank or an insured
depository institution.
(B) A BANKING INSTITUTION OR AN OUT-OF-STATE BANK MAY NOT
ESTABLISH OR MAINTAIN A BRANCH IN THIS STATE ON THE PREMISES OR PROPERTY
OF AN AFFILIATE IF THE AFFILIATE ENGAGES IN COMMERCIAL ACTIVITIES.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2006 is an emergency measure, is necessary for the immediate preservation of
the public health or safety, has been passed by a yea and nay vote supported by
three-fifths of all the members elected to each of the two Houses of the General
Assembly, and shall take effect from the date it is enacted.
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April 7, 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 1099 - Constellation Energy Group, Inc. and Baltimore Gas and
Electric Company - Return of Transition Costs and Senate Bill 1102 - Public Service
Commission. These bills are unnecessary.
For the above stated reason, I have vetoed Senate Bill 1099 and Senate Bill 1102.
Very truly yours,
Robert L. Ehrlich, Jr.
Governor
Senate Bill No. 1099
AN ACT concerning
Constellation Energy Group, Inc., and Baltimore Gas and Electric Company
- Return of Transition Costs
FOR the purpose of prohibiting a certain merger between FPL Group, Inc. and
Constellation Energy Group, Inc., from occurring and prohibiting Baltimore Gas
and Electric Company (BGE) from increasing certain electricity rates until
- 3493 -
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