THEODORE E. MCKELDIN, GOVERNOR 1871
the University of Maryland to construct buildings at
College Park and in Baltimore City to provide additional
facilities for students, to impose charges or fees for the
right of use thereof and authorizing the University of
Maryland to issue revenue bonds for the construction
of said buildings, the principal and interest of which to
be payable solely from the fees and charges for the right
to use of the buildings constructed with the proceeds
of said bonds except for interest prior to, during and
for one year after completion of construction, provided
that interest during such period may be paid out of
bond proceeds and/or out of such moneys as may be
allocated for such purpose, and providing that the said
bonds in no way be the debt or obligation of the State
of Maryland or any sub-division thereof and exempting
said bonds from taxation.
SECTION 1. Be it enacted by the General Assembly of Maryland,
That Sections 235A—2353 of Article 77 of the Annotated
Code of Maryland (1947 Supplement), title "Public Edu-
cation, " sub-title "University of Maryland, " as said sec-
tions were enacted by Chapter 61 of the Acts of 1950, be
and they are hereby repealed and re-enacted, with amend-
ments, to read as follows:
235A. [In order to provide additional housing facilities
for University of Maryland students and to provide build-
ings for physical education and recreation, there is hereby
created a body corporate and politic, to be known as the
University of Maryland Building Authority, hereinafter
referred to as the Authority. The members of the Au-
thority shall be persons constituting the Board of Regents
of the University of Maryland. The Chairman of the Board
of Regents of the University of Maryland shall be the
Chairman of the Authority and the Secretary of the Board
of Regents shall be the Secretary of the Authority. ]
As used in this sub-title the following words and terms
shall have the following meanings, unless the context shall
indicate another different meaning or intent: (1) the word
"resolution" shall mean a resolution adopted by a majority
of the members of the Board of Regents of the University
of Maryland; (2) the word "costs" as applied to any pro-
ject shall embrace the cost of construction, the cost of the
acquisition of all land, rights of way, property rights, ease-
ments and interests acquired by the University of Mary-
land for such construction, the cost of all machinery and
equipment, financing charges, interest prior to and during
construction and for one year after completion of construc-
tion, engineering and legal expenses, plans, specifications,
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