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S.B. 523
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VETOES
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by the grantee prior to June 1, 2001; and generally relating to the Harford
County — Havre de Grace Maritime Museum Loan of 2001.
BY repealing and reenacting, with amendments,
Chapter 203 of the Acts of the General Assembly of 2001
Section 1(5)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Chapter 203 of the Acts of 2001
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That:
(5) Prior to the payment of any funds under the provisions of this Act for the
purposes set forth in Section 1(3) above, the grantee shall provide and expend a
matching fund. No part of the grantee's matching fund may be provided, either
directly or indirectly, from funds of the State, whether appropriated or
unappropriated. No part of the fund may consist of real property!,] OR in kind
contributions!, or]. THE FUND MAY CONSIST OF funds expended prior to the effective
date of this Act. In case of any dispute as to the amount of the matching fund or what
money or assets may qualify as matching funds, the Board of Public Works shall
determine the matter and the Board's decision is final. The grantee has until June 1,
2003, to present evidence satisfactory to the Board of Public Works that a matching
fund will be provided. If satisfactory evidence is presented, the Board shall certify this
fact and the amount of the matching fund to the State Treasurer, and the proceeds of
the loan equal to the amount of the matching fund shall be expended for the purposes
provided in this Act. Any amount of the loan in excess of the amount of the matching
fund certified by the Board of Public Works shall be canceled and be of no further
effect.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 2002.
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May 15, 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 523 - Nonresident Real Estate Brokers - Commercial Real Estate
- Reciprocity.
Senate Bill 523 allows nonresident commercial real estate brokers and nonresident
salespersons working for nonresident brokers to engage in a commercial real estate
transaction in Maryland. The bill would require the nonresident broker or
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- 4668 -
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