14. Segment Information:

Activity segments included in enterprise funds are described in Note 1B. Selected financial information with respect to these
segments as of and for the year ended June 30,2000, is as follows (amounts expressed in thousands).

Segments

				Manufacturii	>g
	Insurance	Loan		(State Use
	Programs	Program	Lottery	Industries)	Total
Operating revenues...............................................................................	$ 12,953	$ 225,093	$1,172,882	$39,284	$1,450,212
Depreciation and amortization .............................................................	11	1,058	723	1,174	2,966
Operating income .................................................................................	3,983	16,637	406,867	1,991	429,478
Operating interfund transfers:
In......................................................................................................		77,439			77,439
Out...................................................................................................	(2,732)	(4,363)	(401,013)		(408,108)
Net income...........................................................................................	1,251	109,481	5,734	1,997	118,463
Current capital
contributions.........................................................................................		41,813		141	41,954
Property, plant, and equipment:
Additions. .........................................................................................	2		2,210	1,624	3,836
Deletions ..........................................................................................		215		16	231
Total assets............................................................................................	112,268	4,132,836	464,989	24,458	4,734,551
Bonds and other long-term liabilities payable from operating revenues.....		2,734,599			2,734,599
Total capital..........................................................................................	74,559	1,291,858	6,544	21,129	1,394,090
Net working capital ..............................................................................	69,740	1,443,056	415,822	16,577	1,945,195

15. Retirement Benefits:

State Retirement and Pension System of Maryland (System):

The State contributes to the System, an agent multiple-employer public employee retirement system established by the State to provide
pension benefits for State employees (other than employees covered by the Mass Transit Administration Pension Plan described below)
and employees of 127 participating political subdivisions or other entities within the State. The non-State entities that participate within
the System receive separate actuarial valuations in order to determine their respective funding levels and actuarial liabilities. Retirement
benefits are paid from the Systems pooled assets rather than from assets relating to a particular plan participant. Consequently, the System
is accounted for as a single plan as defined in GASB Statement No. 25, "Financial Reporting for Defined Benefit Pension Plans and Note
Disclosures for Denned Contribution Plans." The System prepares a separate audited Comprehensive Annual Financial Report, which
can be obtained, from the State Retirement and Pension System of Maryland, 120 E. Baltimore Street, Baltimore, Maryland 21202.

Plan Description:

The System, which is administered in accordance with Article 73B of the Annotated Code of Maryland, consists of several plans which
are managed by the Board of Trustees for the System. All State employees and employees of participating entities are covered by the plans.

"Retirement System" - retirement programs for substantially all State employees, teachers, State police and judges who are not
members of the State Pension System.

"Pension System" - retirement programs for employees and teachers hired after January 1,1980, and prior employees who have
elected to transfer from the Retirement System.

The System provides retirement, death and disability benefits in accordance with State statutes. Vesting begins after completion
of 5 years of service. A member terminating employment before attaining retirement age but after completing 5 years of service
becomes eligible for a vested retirement allowance provided the member lives to age 60 (age 62 for the Pension System, age 50 for
State Police) and does not withdraw his or her accumulated contributions. Members of the Retirement System may retire with full
benefits after attaining the age of 60, or completing 30 years of service credit, regardless of age. Members of the Pension Systems may
retire with full benefits after attaining the age 62 or after completing 30 years of Service Credit, regardless of age. State Police
members may retire with full benefits after attaining age 50, or completing 22 years of service credit, regardless of age. Members of the
Law Enforcement Officers System may retire with full benefits at age 50, or completing 25 years of service credit, regardless of age.

The annual benefit for Retirement System Members is equal to 1/55 (1.8%) of the member's highest three-year average salary
multiplied by the number of years of service credit. A member may retire with reduced benefits after completing 25 years of service,
regardless of age. Legislation enacted during the 1998 legislative session changed certain provisions of the Pension Systems and provided
for a Contributory Pension System and a Non-Contributory Pension System. A member of the Contributory Pension System will
generally receive, upon retirement, an annual service retirement allowance equal to 1.2% of the member's highest three-consecutive year
average salary multiplied by the number of years of service credit on or before June 30,1998, plus 1.4% of the highest three consecutive
year average salary multiplied by the number of years of service credit after July 1,1998. The annual benefit for a Non-Contributory
Pension System member is equal to 0.8% of the members highest three-consecutive year average salary multiplied by the number of years

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