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S.B. 957
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2007 Vetoed Bills and Messages
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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 957 - Frederick County - Public Facilities Bonds.
This bill authorizes and empowers the County Commissioners of Frederick County,
from time to time, to borrow not more than $120,000,000 in order to finance the cost of
specified public facilities in Frederick County. The bill also authorizes the
Commissioners to effect such borrowing by the issuance and sale at public or private
sale of its general obligation bonds.
House Bill 196, 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 957.
Sincerely,
Martin O'Malley
Governor
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Senate Bill 957
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AN ACT concerning
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Frederick County - Public Facilities Bonds
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FOR the purpose of authorizing and empowering the County Commissioners of
Frederick County, from time to time, to borrow not more than $120,000,000 in
order to finance the cost of certain public facilities in Frederick County, as
herein defined, to finance the payment of any unfunded liability of the County
to the State Retirement and "Pension System of Maryland, and to effect such
borrowing by the issuance and sale at public or private sale of its general
obligation bonds; empowering the County to fix and determine, by resolution,
the form, tenor, interest rate or rates or method of determining the same, terms,
conditions, maturities, and all other details incident to the issuance and sale of
the bonds; empowering the County to issue refunding bonds for the purchase or
redemption of bonds in advance of maturity; empowering and directing the
County to levy, impose, and collect, annually, ad valorem taxes in rate and
amount sufficient to provide funds for the payment of the maturing principal of
and interest on the bonds; exempting the bonds and refunding bonds and the
interest thereon and any income derived therefrom from all State, county,
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- 4508 -
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