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3830 VETOES
transfer all funds collected prior to the effective date of this
Act to Prince George's Heritage, Inc.
SECTION 3. AND BE IT FURTHER ENACTED, That the Cecil County
Committee of the Maryland Historical Trust shall transfer all
funds collected before July 1, 1986 to the Cecil Historical
Trust, Incorporated.
SECTION 2 3 4. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1986.
May 27, 1986
The Honorable Melvin A. Steinberg
President of the Senate
State House
Annapolis, Maryland 21404
Dear Mr. President:
In accordance with Article II, Section 17 of the Maryland
Constitution, I have today vetoed Senate Bill 922.
This bill was introduced as Departmental legislation by the
Department of Licensing and Regulation to clarify the continuing
education requirements for Certified Public Accountants (CPA).
As introduced, it would have required 80 hours of continuing
education every two years instead of 40 hours every year as
provided under current law. The change is needed because
accountant licenses are now issued for a two year period.
The bill was amended late in the Session to reduce the
continuing education requirement from 80 to 70 hours every two
years.
The Board of Public Accountancy within the Department of
Licensing and Regulation and the Maryland Association of
Certified Public Accountants have requested a veto of this
legislation because it would decrease the amount of continuing
education required of Maryland licensed CPAs. This reduction is
not in the best interest of the public or the accounting
profession and would make it difficult for Maryland CPAs to
receive reciprocal certificates from other states.
In addition, Senate Bill 922 is not needed to change the
continuing education requirement for CPAs from an annual to a
biannual basis. A code revision bill, House Bill 1261, was also
enacted with an effective date of October 1, 1986. Among other
revisions to the Public Accountancy law, it sets the continuing
education requirement at 80 hours every two years.
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