4130                                             LAWS OF MARYLAND                                     Ch. 8

CHAPTER 8

(House Bill 1)

AN ACT concerning

Savings and Loan Associations - Governor's Emergency Powers

FOR the purpose of authorizing the Governor in emergency
situations, by executive order, to take certain action

regarding savings and loans associations under certain

circumstances; establishing procedures for legislative

review, providing for the termination of this authority;
ratifying and confirming certain action; requiring certain
fees to be waived and prohibiting certain information from
being recorded on a person's credit record; providing for

the construction of this Act; providing for certain

penalties permitting the Governor in certain emergency
situations to exercise certain powers; correcting omissions;
making this Act an emergency measure; and generally relating
to the Governor's emergency powers and savings and loan
associations.

BY repealing and reenacting, with amendments,

Article - State Government

Section 3-304

Annotated Code of Maryland

(1984 Volume)

BY adding to

Article 41 - Governor - Executive and Administrative

Departments
Section 15B-3(b)(6)
Annotated Code of Maryland

(1982 Replacement Volume and 1984 Supplement)
(As enacted by Chapter 1 of the Acts of
the First Special Session of 1985)

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

Article - State Government

3-304.

The Governor has the emergency powers and duties set forth

in: