3692

LAWS OF MARYLAND

Ch. 789

(9)  TAKE ANY OTHER ACTION NECESSARY TO CARRY OUT THE
PURPOSES OF THE TRUST; AND

(10)  SUE AND BE SUED, BUT ONLY TO ENFORCE CONTRACTUAL
OR SIMILAR AGREEMENTS WITH THE TRUST; AND

(11)  REPORT ANNUALLY TO THE GOVERNOR AND, SUBJECT TO
SECTION 2-1312 OF THE STATE GOVERNMENT ARTICLE, TO THE GENERAL
ASSEMBLY, ITS ACTIVITIES DURING THE PRECEDING YEAR TOGETHER WITH
ANY RECOMMENDATIONS OR REQUESTS DEEMED APPROPRIATE TO FURTHER THE
PURPOSES OF THE TRUST.

(B) EXCEPT AS OTHERWISE PROVIDED IN THIS SUBTITLE, THE
TRUST MAY NOT SOLICIT OR ACCEPT ANY GIFT, REQUEST BEQUEST, OR
LEASE OF REAL OR PERSONAL PROPERTY.

8-1906.

(A)  IN DEVELOPING THE CRITERIA FOR CITIZEN INVOLVEMENT
PROJECTS OR CORPORATE SPONSORSHIP PROJECTS, THE TRUST MAY
CONSIDER ACTIVITIES WHICH:

(1)  PRESERVE WATER QUALITY AND HABITAT;

(2)  RESTORE AQUATIC AND LAND RESOURCES;

(3)  PUBLISH OR PRODUCE EDUCATION EDUCATIONAL
MATERIALS ON THE CHESAPEAKE BAY;

(4)  PROVIDE EDUCATIONAL SCHOLARSHIPS OR TRAINING; OR

(5)  PROMOTE CHESAPEAKE BAY CONSERVATION PROGRAMS
THROUGH THE MEDIA OR OTHER MEANS.

(B)  THE TRUST MAY NOT CONSIDER ACTIVITIES WHICH ADVOCATE A
POLITICAL CANDIDATE OR POLITICAL SOLUTION.

8-1907.

THE TRUST SHALL APPLY AT LEAST ONE-THIRD OF ANY GIFT, GRANT,
LEGACY, OR ENDOWMENT RECEIVED IN EXCESS OF $5,000, DIRECTLY TO
CITIZEN INVOLVEMENT PROJECTS IN ACCORDANCE WITH THE PROVISIONS OF
THIS SUBTITLE.

8-1908.

(A) ALL MONEY RECEIVED BY THE TRUST SHALL BE DEPOSITED, AS
DIRECTED BY THE TRUST, IN ANY STATE OR NATIONAL BANK, OR
FEDERALLY OR STATE INSURED SAVINGS AND LOAN ASSOCIATIONS LOCATED
IN THE STATE HAVING A TOTAL PAID-IN CAPITAL OF AT LEAST
$1,000,000. THE TRUST DEPARTMENT OF ANY STATE OR NATIONAL BANK
OR SAVINGS AND LOAN ASSOCIATION MAY BE DESIGNATED AS A DEPOSITORY
TO RECEIVE ANY SECURITIES ACQUIRED OR OWNED BY THE TRUST. THE
RESTRICTION WITH RESPECT TO PAID-IN CAPITAL MAY BE WAIVED FOR ANY
QUALIFYING BANK OR SAVINGS AND LOAN ASSOCIATION WHICH AGREES TO