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2007 Vetoed Bills and Messages
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S.B. 388
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(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, in kind
contributions, or 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, [2002] 2009, 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.
(6) THE PROCEEDS OF THE LOAN MUST BE ENCUMBERED BY THE
BOARD OF PUBLIC WORKS OR EXPENDED FOR THE PURPOSES IN THIS ACT NO
LATER THAN JUNE 1, 2009.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2007.
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May 17, 2007
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, today I have
vetoed Senate Bill 390 - Prince George's County - Special Taxing Districts.
This bill authorizes Prince George's County to use specified special taxing district and
tax increment financing authority to provide financing, refinancing, or reimbursement
for the costs of renovation, rehabilitation, and repair of existing buildings, building
systems, and components for existing residential condominiums designated as
workforce housing.
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- 4226 -
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