May 26, 2004

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 372 - Real Property - Residential Leases - Security Deposits - Interest Rates.

This bill alters the annual interest rate paid on a security deposit under a residential lease within 45 days after the end of a tenancy, and alters the annual interest rate paid on a security deposit, under a residential lease, prior to the termination of a tenancy under specified circumstances.

House Bill 723, 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 372.

Very truly yours,
Robert L. Ehrlich, Jr.
Governor