Ch. 2

1991 LAWS OF MARYLAND

(J) SCHOOL BOARD DISTRICT IX CONSISTS OF:

(1)     ELECTION DISTRICT 4, PRECINCT 1;

(2)     ELECTION DISTRICT 5, PRECINCTS 1 THROUGH 6;

(3)     ELECTION DISTRICT 8, PRECINCT 1;

(4)     ELECTION DISTRICT 9, PRECINCTS 1, 2, AND 4 THROUGH 9;

(5)     ELECTION DISTRICT 11, PRECINCTS 1 AND 2; AND

(6)     ELECTION DISTRICT 15, PRECINCTS 1 AND 3.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act is an emergency
measure, is necessary for the immediate preservation of the public health and safety, has
been passed by a yea and nay vote supported by three-fifths of all the members elected to
each of the two Houses of the General Assembly, and shall take effect from the date it is
enacted.

Approved September 26, 1991.

CHAPTER 2
(Senate Bill 15)

AN ACT concerning

Preservation of State Regulatory Authority - Secondary Mortgage Market Enhancement

Act                              

FOR the purpose of exempting the State from certain provisions relating to investment in
and registration of certain securities under the federal Secondary Mortgage Market
Enhancement Act of 1984; making this Act an emergency measure; requiring
certain reports to the Governor and the General Assembly before a certain date;
requiring certain legislative committees .to make, a certain determination by a
certain date; and generally relating to the preservation of State regulatory authority
over investment.in and registration of certain securities and United States securities
and obligations.

Preamble

WHEREAS, The Secondary Mortgage Market Enhancement Act of 1984,
("SMMEA"), Public Law 98-440, amended several provisions of the United States Code
in order to encourage the growth of the secondary market for home mortgages by
facilitating the purchase and sale of certain mortgage-backed or mortgage related
securities issued by or guaranteed by nongovernmental entities; and

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