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VETOES
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H.B. 972
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(10) Subject to the provisions of any outstanding agreements entered into
by the Authority under this subtitle, enter into covenants or agreements with respect
to the Authority's insurance funds, and establish accounts within the Authority's
insurance funds which may be used to implement the purposes of this subtitle. If the
Authority elects to establish separate accounts, the Authority may allocate its
revenues and receipts among the respective accounts in any manner the Authority
considers appropriate;
(11) Fix, determine, charge, and collect any premiums, fees, charges,
costs, and expenses, including, by way of example, any application fees, commitment
fees, program fees, financing charges, or publication fees in connection with financial
assistance provided by the Authority under this subtitle;
(12) Adopt rules and regulations necessary to carry out the purposes of
this subtitle;
(13) Authorize the chairman, vice chairman, or executive director of the
Authority, on behalf of the Authority, to perform any duty, and specify, prescribe,
determine, provide for or approve such matters, details, forms, documents, or
procedures as the Authority, in its sole and absolute discretion, deems appropriate to
accomplish the purposes of this subtitle; AND
(14) [With the approval of the Secretary, exercise any or all of the powers,
duties and authority of the Secretary, in accordance with Title 6, Subtitle 4 of this
article, relating to the Maryland Energy Financing Administration; and
(15) ] Do anything necessary or convenient to carry out its powers and the
purposes of this subtitle.
[Part III. Insurance Funds.]
5-914.
(a) There is [a] AN [Bond Insurance] INDUSTRIAL DEVELOPMENT Fund
which replaces the Authority's [Industrial Project Insurance] BOND INSURANCE
Fund, THE AUTHORITY'S AUTHORIZED PURPOSE INSURANCE FUND, THE
DEPARTMENT'S DAY CARE FACILITIES LOAN GUARANTEE FUND, AND THE
MARYLAND ENTERPRISE INCENTIVE DEPOSIT FUND. Moneys on deposit in the
Authority's [Industrial Project Insurance] BOND INSURANCE Fund, THE
AUTHORITY'S AUTHORIZED PURPOSE INSURANCE FUND, THE DEPARTMENT'S DAY
CARE FACILITIES LOAN GUARANTEE FUND, AND THE MARYLAND ENTERPRISE
INCENTIVE DEPOSIT FUND shall be transferred to the [Bond Insurance] INDUSTRIAL
DEVELOPMENT Fund on July 1, [1983] 2000.
(b) The [Bond Insurance] INDUSTRIAL DEVELOPMENT Fund is a continuing,
nonlapsing, revolving fund that consists of:
(1) Moneys appropriated by the State to the [Bond Insurance]
INDUSTRIAL DEVELOPMENT Fund;
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- 4664 -
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