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.

Parris N. Glendening