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PARRIS N. GLENDENING, Governor
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Ch. 540
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SECTION 3. AND BE IT FURTHER ENACTED, That the Public Service
Commission shall establish the initial assessment of with respect to for-hire driver's
license fees vehicle permits payable to the For-Hire Driving Services Enforcement
Fund under § 10-112 of the Public Utility Companies Article, as enacted by this Act,
at a level expected to generate $200,000 per fiscal year an amount not exceeding $40
for each vehicle permit, starting in fiscal year 2001.
SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2000.
Approved May 18, 2000.
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CHAPTER 540
(Senate Bill 595)
AN ACT concerning
Montgomery County - Joseph White House Loan of 1998
FOR the purpose of amending Chapter 304 of the Acts of the General Assembly of
1998, Montgomery County - Joseph White House Loan of 1998, to change the
grantee from the Board of Directors of the Parks Foundation, Inc. to the
Maryland-National Capital Park and Planning Commission and extend the
time by which the grantee shall provide and expend a matching fund to June 1,
2001; and generally relating to Chapter 304 of the Acts of the General Assembly
of 1998.
BY repealing and reenacting, with amendments,
Chapter 304 of the Acts of the General Assembly of 1998
Section 1
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Chapter 304 of the Acts of 1998
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:
(1) The Board of Public Works may borrow money and incur indebtedness on
behalf of the State of Maryland through a State loan to be known as the Montgomery
County - Joseph White House Loan of 1998 in a total principal amount equal to the
lesser of (i) $200,000 or (ii) the amount of the matching fund provided in accordance
with Section 1(5) below. This loan shall be evidenced by the issuance, sale, and
delivery of State general obligation bonds authorized by a resolution of the Board of
Public Works and issued, sold, and delivered in accordance with §§ 8-117 through
8-124 of the State Finance and Procurement Article and Article 31, § 22 of the Code.
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- 2847 -
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