WILLIAM DONALD SCHAEFER, Governor

S.B. 329

(c)     The county governments and other local authorities are relieved from the
requirements of existing local law for levying a minimum amount or rate for road
maintenance, and the portions of all public local laws making any such requirement are
suspended.

(d)     The Secretary of the Department of Transportation may reduce highway user
revenues to each appropriate local governing body in the following fiscal year by the
specific amount of the cost necessary to correct individual instances of noncompliance
concerning State standards of uniformity for traffic control devices.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1993.

May 27, 1993

The Honorable Thomas V. Mike Miller, Jr.

President of the Senate

State House

Annapolis, Maryland 21401

Dear Mr. President:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed Senate Bill 329.

This bill would establish the prospective requirements by which a credit grantor is
permitted to extend credit under the Maryland Credit Deregulation Act (1983), and
would allow the Commissioner of Consumer Credit and the Banking Commissioner to
order limited refunds by credit grantors to complaining parties.

House Bill 424, which was passed by the General Assembly and signed by me on May 27,
1993, accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate
Bill 329.

Sincerely,

William Donald Schaefer

Governor

Senate Bill No. 329

AN ACT concerning

Credit Regulation - Choice of Law and Consumer Protection Provisions

FOR the purpose of specifying that certain provisions relating to credit and lending in
this State do not apply on a retroactive basis to certain credit grantors who have
elected to operate under the Credit Deregulation Act on or before a certain date;
providing that a credit grantor that wishes to extend credit under the Credit
Deregulation Act must make a certain election in a certain manner; providing for
the effect of the failure of a credit grantor to make a valid election; requiring the

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