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PARRIS N. GLENDENING, Governor S.B. 262
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2002.
May 16, 2002
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis MD 21401
Dear Mr. President:
In accordance with Article II, Section 17 of the Maryland Constitution, I have today
vetoed Senate Bill 262 - Maryland Water Quality Financing Administration - Loans
- Lenders.
This bill expands the definition of "lender" under the Linked Deposit Program in the
Maryland Department of the Environment to allow institutions of the Farm Credit
System to participate in the program. The bill also modifies the definition of "linked
deposit" to include investments.
House Bill 498, which was passed by the General Assembly and signed by me,
accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate
Bill 262.
Sincerely,
Parris N. Glendening
Governor
Senate Bill No. 262
AN ACT concerning
Maryland Water Quality Financing Administration - Loans - Lenders
FOR the purpose of altering a certain definition definitions to allow an institution of
the Farm Credit System organized under the Farm Credit Act of 1971 to
participate in the Linked Deposit Program; requiring the Maryland Water
Quality Financing Administration to transfer funds to the lender upon
completion of the loan agreement in accordance with certain requirements
depending on the type of lender; and generally relating to Maryland Water
Quality Financing Administration loans.
BY repealing and reenacting, with amendments,
Article - Environment
Section 9-1606.1
Annotated Code of Maryland
(1996 Replacement Volume and 2001 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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- 4497 -
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