May 26, 2004
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
Annapolis MD 21401
Dear Mr. President:
In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed Senate Bill 290 - State Treasury - Banking Services Agreements.
This bill expands the entities with which the Treasurer may enter into an agreement for banking services to include financial institutions. It authorizes an agreement for banking services to include the terms and conditions of the services, and requires an agreement to specify the charges for banking services; also requiring interest earnings in excess of charges for banking services to be credited to the General Fund.
House Bill 690, which was passed by the General Assembly and signed by me on May 11, 2004, accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate Bill 290.
Very truly yours,
Robert L. Ehrlich, Jr.