HARRY HUGHES, Governor

3769

Dear Mr. President:

In accordance with Article II, Section 17 of the Maryland
Constitution, I have today vetoed Senate Bill 110.

This bill requires State chartered savings and loan
associations to send or provide an annual report of its financial
condition to any person on request.

House Bill 335, which was passed by the General Assembly and
signed by me on May 21, 1985, accomplishes the same purpose.
Therefore, it is not necessary for me to sign Senate Bill 110.

Sincerely,
Harry Hughes
Governor

Senate Bill No. 110

AN ACT concerning

Savings and Loan Associations - Statement
of Financial Condition

FOR the purpose of requiring savings and loan associations to
send or provide an annual statement of financial condition
to any person on request; and generally relating to annual
statements of financial condition which are provided by
savings and loan associations.

BY repealing and reenacting, with amendments,

Article - Financial Institutions

Section 9-306

Annotated Code of Maryland

(1980 Volume and 1984 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Financial Institutions

9-306.

(a) A statement of the financial condition of a savings and
loan association shall be:

(1) Prepared annually; and