H.B. 229

VETOES

(3)     The cash proceeds of the sale of the bonds shall be paid to the Treasurer and
first shall be applied to the payment of the expenses of issuing, selling, and delivering the
bonds, unless funds for this purpose are otherwise provided, and then shall be credited on
the books of the Comptroller and expended, on approval by the Board of Public Works,
for the following public purposes, including any applicable architects' and engineers' fees:
as a grant to The Children's Guild, Inc. for the purchase [and] OR renovation of a
building, REPAIR, RENOVATION. RECONSTRUCTION. AND EXPANSION OF. FOR THE
PROVISION OF CAPITAL EQUIPMENT FOR. AND FOR SITE IMPROVEMENTS TO.
FACILITIES in Baltimore City, THESE FACILITIES to be used as a school and treatment
center for emotionally disturbed children.

(4)     An annual State tax is imposed on all assessable property in the State in rate
and amount sufficient to pay the principal of and interest on the bonds, as and when due
and until paid in full. The principal shall be discharged within 15 years after the date of
issue of the bonds.

(5)      Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, The Children's Guild, Inc. shall provide at least
an equal and matching fund of $500,000. No part of an applicant's matching fund may be
provided, either directly or indirectly, from funds of the State, whether appropriated or
unappropriated. No part of the fund may consist of real property, in kind contributions,
or funds expended prior to the effective date of the Act. In case of any dispute as to what
money or assets may qualify as matching funds, the Board of Public Works shall
determine the matter, and the Board's decision is final. The Children's Guild, Inc. has
until June 1, 1992 to present evidence satisfactory to the Board of Public Works that the
matching fund will be provided. If satisfactory evidence is presented, the Board shall
certify this fact to the State Treasurer and the proceeds of the loan shall be expended for
the purposes provided in this Act. If this evidence is not presented by June 1, 1992, the
proceeds of the loan shall be applied to the purposes authorized in § 8-129 of the State
Finance and Procurement Article.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1997.

May 22, 1997

The Honorable Casper R. Taylor, Jr.
Speaker of the House
State House
Annapolis MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed House Bill 229.

This bill alters the definition of affected property in Article 48A - Insurance Code and
the new Insurance Article.

Senate Bill 17, which was passed by the General Assembly and signed by me on April 29,

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