H.B. 331

VETOES

(2) Only to the extent necessary to prevent the denial of federal moneys
or eliminate the inconsistency with federal law, this section does not apply to a
procurement by the State if the procurement officer determines that compliance with
this section would:

(i) cause denial of federal moneys; or

(ii) be inconsistent with the requirements of federal law.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2003.

May 22, 2003

The Honorable Michael E. Busch
Speaker of the House
State House
Annapolis MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, today I have
vetoed House Bill 331 - Credit Regulation - Credit Grantor Revolving Credit
Provisions — Amendment of Plan Agreement.

This bill repeals a requirement that a credit grantor give a specified notice to a
borrower when the credit grantor amends an agreement governing a revolving credit
plan if the amendment has the effect of altering the manner of computing specified
fees and charges; repeals requirement that the credit grantor send a second notice of
a specified amendment of a plan agreement to the borrower; and repeals a
requirement that the Commissioner of Financial Regulation approve the form of a
specified notice.

Senate Bill 179, which Was passed by the General Assembly and signed by me,
accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 331.

Sincerely,

Robert L. Ehrlich, Jr.

Governor

House Bill No. 331

AN ACT concerning

Credit Regulation - Credit Grantor Revolving Credit Provisions -

Amendment of Plan Agreement

FOR the purpose of repealing a requirement that a credit grantor give a certain notice
to a borrower when the credit grantor amends an agreement governing a
revolving credit plan if the amendment has the effect of altering the manner of
computing certain fees and charges; repealing a requirement that the credit

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