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PARRIS N. GLENDENING, Governor
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H.B. 745
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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 745 - Education - New Baltimore City Board of School
Commissioners — Bonding Authority.
This bill enables the New Baltimore City Board of School Commissioners to issue
bonds to finance or refinance the acquisition, construction, or improvement of any
public school facility in Baltimore City. The bill creates a "sinking fund" into which
the State Comptroller would deposit withheld State education aid in an amount equal
to the debt service outstanding and unpaid on the bonds.
Senate Bill 773, which was passed by the General Assembly and signed by me today,
accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 745.
Sincerely,
Parris N. Glendening
Governor
House Bill No. 745
AN ACT concerning
Education - New Baltimore City Board of School Commissioners - Bonding
Authority
FOR the purpose of authorizing the New Baltimore City Board of School
Commissioners to issue bonds for the acquisition, development, or improvement
of public school facilities in the Baltimore City Public School System;
establishing the rights and duties associated with the bonding authority;
requiring passage of a certain resolution by the Mayor and City Council of
Baltimore before a bond may be issued; providing for the construction and
severability of a portion of this Act; and generally relating to the Baltimore City
Public School System.
BY repealing and reenacting, with amendments,
Article - Education
Section 4-301 and 4-313(a)
Annotated Code of Maryland
(1999 Replacement Volume)
BY adding to
Article - Education
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