WILLIAM DONALD SCHAEFER, Governor

AGGRIEVED PERSON RESIDES OR HAS A PRINCIPAL PLACE OF BUSINESS IN
BALTIMORE CITY, TO THE CIRCUIT COURT FOR BALTIMORE CITY.

12-708.

(A)  THE BANK COMMISSIONER, NOT MORE OFTEN THAN ONCE PER
YEAR, MAY IMPOSE ANNUAL ASSESSMENTS ON EACH FINANCIAL INSTITUTION
SUPERVISED AND EXAMINED BY THE BANK COMMISSIONER UNDER THIS
SUBTITLE, TO COVER THE EXPENSE OF SUPERVISING AND EXAMINING THAT
FINANCIAL INSTITUTION.

(B)  (1) THE BANK COMMISSIONER MAY ASSESS EACH FINANCIAL
INSTITUTION THE SUM OF:

(I)  $1,000; PLUS

(II)  8 CENTS FOR EACH $1,000 OF THE ASSETS OF
THE FINANCIAL INSTITUTION OVER $1,000,000.

(2) THE ASSESSMENTS SHALL BE BASED ON ASSETS STATED
IN THE FINANCIAL INSTITUTION'S MOST RECENT FINANCIAL REPORT.

(C)  THE FINANCIAL INSTITUTION SHALL PAY ANY ASSESSMENT
IMPOSED UNDER THIS SECTION TO THE BANK COMMISSIONER ON OR BEFORE
THE FEBRUARY 1 AFTER IT IS IMPOSED.

12-709.

THE BANK COMMISSIONER MAY ADOPT REGULATIONS TO CARRY OUT THE
PROVISIONS OF THIS SUBTITLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.

June 2, 1987
The Honorable R. Clayton Mitchell, Jr.
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 924.

This bill authorizes the creation of a State debt in the
amount of $125,000, the proceeds to be used as a grant to the
National Park Service for the restoration and renovation of the

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