4074                                                      VETOES

2-1801.

PRIVILEGES FROM TESTIFYING FOR MEMBERS OF THE GENERAL
ASSEMBLY ARE FOUND IN § 9-122 OF THE COURTS AND JUDICIAL
PROCEEDINGS ARTICLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act is
hereby declared to be an emergency measure and necessary for the
immediate preservation of the public health and safety and having
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, the same shall take effect from the date of its
passage.

May 27, 1986
The Honorable Benjamin L. Cardin
Speaker of the House of Delegates
State House
Annapolis, Maryland 21404

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland
Constitution, I have today vetoed House Bill 1868.

This bill permits a federally-chartered, out-of-state
savings and loan association to do business in Maryland if it is
a successor institution to a "major association" insured by the
State of Maryland Deposit Insurance Fund Corporation that had not
acquired federal insurance by April 1, 1986.

Senate Bill 1068, which was passed by the General Assembly
and signed by me on April 8, 1986, accomplishes the same purpose.
Therefore, it is not necessary for me to sign House Bill 1868.

Sincerely,
Harry Hughes
Governor

House Bill No. 1868

AN ACT concerning

Savings and Loan Associations - Foreign Associations

FOR the purpose of creating an exemption under certain

circumstances for certain foreign savings and loan

associations from prohibitions against having an office in