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Ch. 93 LAWS OF MARYLAND
(I) INCOME, FEES, RENTS, CHARGES, AND REVENUES
ARISING FROM OR IN CONNECTION WITH THE USE OF ANY EDUCATIONAL
FACILITIES; AND
(II) (I) (1) "ACADEMIC FEES" MEANS TUITION,
STUDENT FEES, AND ACTIVITY FEES.
(2) "ACADEMIC FEES" DOES NOT INCLUDE:
(I) AN APPROPRIATION OF STATE FUNDS; OR
(II) ANY REVENUES FROM CONTRACTS, GRANTS, OR
GIFTS RECEIVED OR TO BE RECEIVED BY A SYSTEM, OTHER THAN
CONTRACTS FOR TUITION, STUDENT FEES, OR ACTIVITY FEES.
[(h)] (I) (J) "Project" or "projects" means the
acquisition, construction, reconstruction, RELATED DEMOLITION,
equipment, maintenance, repair, renovation, financing, and
refinancing of 1 or more [auxiliary] EDUCATIONAL AUXILIARY OR
ACADEMIC facilities.
[(i)] (J) (K) "Resolution" means a resolution adopted by a
majority of the members of the Board of Regents of the University
of Maryland System, the Board of Regents of Morgan State
University, or the Board of Trustees of St. Mary's College of
Maryland.
[(j)] (K) (L) "State" means the State of Maryland.
[(k)] (L) (M) "System" means the University of Maryland
System, Morgan State University, or St. Mary's College of
Maryland.
19-102.
(A) In order to provide [auxiliary] EDUCATIONAL AUXILIARY
AND ACADEMIC facilities a system may:
(1) Acquire, construct, reconstruct, equip, maintain,
repair, renovate, and operate [auxiliary] EDUCATIONAL AUXILIARY
AND ACADEMIC facilities at any of its campuses or locations, now
existing or hereafter acquired;
(2) [(I)] Issue [revenue] bonds[, certificates,
notes, demand notes, commercial paper, or other evidences of
indebtedness (all hereinafter called bonds)] for the purpose of
financing or refinancing all or any part of the [cost] COSTS of
any 1 or more projects or any capital lease[.] OF A SYSTEM,
INCLUDING ANY PROJECT PREVIOUSLY FINANCED BY OR ANY CAPITAL LEASE
PREVIOUSLY ENTERED INTO BY A SYSTEM OR ANY PREDECESSOR;
(2) (I) ISSUE BONDS FOR THE PURPOSE OF FINANCING OR
REFINANCING ALL OR ANY PART OF THE COSTS OF ANY 1 OR MORE
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