WILLIAM DONALD SCHAEFER, Governor                    Ch. 686

(3) 2 representatives of the governing bodies of each
county, appointed by the county executive of each county; and

(4) 2 members of the General Assembly from each
county, appointed by the chairman of the House and Senate
delegations of each county.

SECTION 4 6. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1987 and shall remain effective until
June 30, 1990. On July 1, 1990, this Act shall have no further
force and effect and on that day, without any further action of
the General Assembly, Sections l-202(d), 3-101, 3-102(a), 3-103,
3-204, 3-206, 3-207, 4-101(a), 4-107, 6-101(b), 6-104(a), 6-106,
6-107, 7-101, 7-103, 7-106(f), 9-101(a), 10-101(a), 10-103(a),
10-108, 12-102(b), 13-101, 13-102, 16-102, and 16-103 16-103,'
1-204(d) 3-201, 3-202, 3-203, 3-205, 4-111, 6-108(c), 7-105(c),
and 10-107 of Article 29 of the Code shall be reenacted and in
full force and effect as those sections existed on June 30, 1987.

Approved June 2, 1987.

CHAPTER 686

(House Bill 854)

AN ACT concerning

Maryland Small Business Development Financing Authority -

Contract Financing Fund Financial Assistance and

Maryland Small Business Surety Bond Guaranty Program

FOR the purpose of clarifying and expanding the type of guarantee
granted under the Maryland Small Business Surety Bond
Guaranty Program; requiring the Maryland Small Business
Development Financing Authority to consider the economic
impact of a contract; providing for certain qualifications
of a principal under the Maryland Small Business Surety Bond
Guaranty Program and of an applicant for Contract Financing
Fund financial assistance; striking certain provisions;
requiring a principal an applicant for Contract Financing
Fund financial assistance to be a citizen of the United
States resident of Maryland on to have the applicant's
principal place of business in Maryland; defining a certain
term; and generally relating to the Maryland Small Business
Surety Bond Guaranty Program and the Contract Financing Fund
under the Maryland Small Business Development Financing
Authority.

BY repealing and reenacting, with amendments,

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