Ch. 81

LAWS OF MARYLAND

(2) THE LONGEVITY REQUIREMENTS OF §
5-1003(A)(2)(III)2 OF THIS SUBTITLE MAY NOT BE DEEMED SATISFIED
UNLESS:

(I) 1. SUBJECT TO ITEM 2 OF THIS SUBPARAGRAPH,
ON THE DATE OF THE EXECUTION OF THE WRITTEN AGREEMENT BY THE
OUT-OF-STATE BANK HOLDING COMPANY, THERE EXISTS SUFFICIENT
ELIGIBLE DEPOSIT LIABILITY NOT PREVIOUSLY COMMITTED;

2. WHERE THE TOTAL UNCOMMITTED ELIGIBLE
DEPOSIT LIABILITY REMAINING IS LESS THAN $15,000,000 $25,000,000,
THE COMMITMENT SHALL BE FOR THE TOTAL AMOUNT OF UNCOMMITTED
ELIGIBLE DEPOSIT LIABILITY REMAINING; AND

(II)  AFTER CONSULTATION WITH THE FUND DIRECTOR
AND THE DIRECTOR OF THE. DIVISION OF SAVINGS AND LOAN
ASSOCIATIONS, THE COMMISSIONER MAKES A SPECIFIC FINDING THAT THE
REQUIREMENTS OF THIS SECTION HAVE BEEN SATISFIED.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect June 1, 1988.

Approved April 12, 1988.

CHAPTER 81

(House Bill 383)

AN ACT concerning

Frederick County Competitive Bidding

FOR the purpose of altering the amount above which contracts in
Frederick County for county work and purchases of materials
and supplies are awarded by competitive bidding.

BY repealing and reenacting, without amendments,

Article 25 - County Commissioners

Section 3(a)(1), (1)(1), and (2)(i)

Annotated Code of Maryland

(1987 Replacement Volume and 1987 Supplement)

BY repealing and reenacting, with amendments,

Article 25 - County Commissioners
Section 3(1)(2)(v)
Annotated Code of Maryland

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