H.B. 549                                                 VETOES

(i) rebuilding and reopening reestablishing a grain export facility
at the Port of Baltimore Grain Terminal; and

(ii) the establishment of establishing new transport options from
alternative locations in Central Maryland;

(2)     implement through the Maryland Port Administration a feasibility
study of the short-term and long-term economic viability of a grain shipping facility
at the Port of Baltimore, including the Locust Point Marine terminal, and evaluate
and make recommendations regarding the study;

(2)     (3) examine potential costs to the State and private industry for
each option and strategy identified under paragraph (1) of this subsection;

(3) (4) examine potential funding sources for identified options and
strategies, including federal grant and loan programs, private loans and other
investment vehicles, and any other available funding mechanisms; and

(4)     (5) solicit and encourage participation from other persons impacted
by the topics under study by the Task Force but not serving as Task Force members,
including farmers and other agriculturally related businesses in neighboring states
and members of Congress representing these regional interests.

(g) The Task Force shall report its findings and recommendations to the
Governor and, subject to § 2-1246 of the State Government Article, the General
Assembly on or before December 31, 2003.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2003. It shall remain effective for a period of 8 months and, at the end of
January 31, 2004, this Act shall be abrogated and of no further force and effect.

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 549 - Corporations - Directors and Stockholders - Meetings,
Notices, and Consents.

This bill provides that specified actions by the board of directors of a Maryland
corporation, a committee of the board, or the stockholders of the corporation may be
taken by a specified consent given in writing or by electronic transmission and filed in
paper or electronic form in specified locations; and provides that meetings of the
board of directors of a Maryland corporation may be held by means of remote
communication.

Senate Bill 495, which was passed by the General Assembly and signed by me,

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