(ii) May not operate without the liability insurance described under
item (i) of this paragraph.

(2) A homeowners association may not require a day care provider to
obtain insurance in an amount greater than the minimum amount required under
paragraph (1) of this subsection.

(h) A homeowners association may restrict or prohibit a no-impact
home-based business in any common areas.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1999.

May 27, 1999

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 919.

This bill provides that the Insurance Commissioner may establish by regulation
limits on the risk retained by an insurer for financial guaranty insurance, including
requirements for contingency reserves used in determining compliance with the
established limits.

Senate Bill 679, which was passed by the General Assembly and signed by me on May
27, 1999, accomplishes the same purpose. Therefore, it is not necessary for me to sign
House Bill 919.

Sincerely,

Parris N. Glendening
Governor

House Bill 919

AN ACT concerning

Financial Guaranty Insurance - Risk Limits

FOR the purpose of prohibiting an insurer from retaining a risk on any one subject of
financial guaranty insurance relating to a municipal bond if the average annual
debt service exceeds a certain percentage of the insurer's capital and surplus to
policyholders; providing for the application of this Act authorizing the Insurance
Commissioner to establish by regulation certain risk limits on the issuance of a
subject of financial guaranty insurance; and generally relating to limitation of
risk for insurance.