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 774 - Maryland Money Transmission Act.

This bill revises the provisions regulating money transmission businesses and establishes a special fund to pay for the regulation of the money transmission industry.

House Bill 715, 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 774.

Parris N. Glendening