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PARRIS N. GLENDENING, Governor H.B. 706
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall be
construed only prospectively and may not be applied or interpreted to have any effect
on or application to any case filed cause of action arising before the effective date of
this Act.
SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 2000.
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May 18, 2000
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 706 - Hospital Bonds - Maryland Hospital Bond Program - Study.
This bill requires the Maryland Health and Higher Education Facilities Authority
and the Health Services Cost Review Commission to conduct a study of changes to the
Maryland Hospital Bond Program that will ensure access to affordable capital for
Maryland hospitals while providing for the orderly elimination of excess hospital
capacity in Maryland. The study is to be conducted in consultation with bond rating
agencies, bond insurance companies, the Maryland Hospital Association and any
other interested parties. The bill also requires the authority and the commission to
report any recommendations and findings to the General Assembly by December 31,
2000.
Senate Bill 423, which was passed by the General Assembly and signed by me on
April 25, 2000, accomplishes the same purpose. Therefore, it is not necessary for me
to sign House Bill 706.
Sincerely,
Parris N. Glendening
Governor
House Bill No. 706
AN ACT concerning
Hospital Bonds - Public Body Obligation Maryland Hospital Bond Program -
Study
FOR the purpose of providing that a public body obligation includes a bond or other
obligation issued on behalf of a hospital that voluntarily closed that is insured
by an effective municipal corporation insurance policy; and generally relating to
public body obligations for closed or delicensed hospitals requiring the Maryland
Health and Higher Education Facilities Authority and the Health Services Cost
Review Commission to conduct a certain study of the Maryland Hospital Bond
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- 4493 -
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