J. MILLARD TAWES, Governor                        625

tions, investment companies and others carrying on a banking
business, all insurance companies and insurance associations and
others carrying on an insurance business, all administrators, execu-
tors, guardians, trustees, and other fiduciaries, and all other persons
may legally and properly invest funds, including capital in their
control or belonging to them. Such bonds are hereby made securities
which may properly and legally be deposited with and received by
any State or municipal officer or any agency or political subdivision
of the State for any purpose for which the deposit of bonds or other
obligations of the State is now or may hereafter be authorized by law.

259S.

(a)   The title to any property acquired or constructed under the
provisions of Sections 259K—259T, inclusive, of this subtitle shall
be in the State of Maryland to the benefit and use of the University
of Maryland.

(b)   The State of Maryland hereby consents to the use of any
lands owned by it which may be suitable and necessary for the con-
struction or operation of any of the buildings and facilities au-
thorized by the provisions of Sections 259K—259T, inclusive, of this
subtitle.

259SA.

ALL HOUSING UNITS AND RELATED FACILITIES CON-
STRUCTED WITH FUNDS PROVIDED BY SECTIONS 259K—
259T, INCLUSIVE, OF THIS SUBTITLE SHALL BE SUBJECT
TO THE REQUIREMENTS OF SECTION 21 OF ARTICLE 78A
OF THIS CODE (1957 EDITION, AS AMENDED FROM TIME
TO TIME) REQUIRING APPROVAL OF PLANS AND SUPER-
VISION OF WORK ON PUBLIC IMPROVEMENTS BY THE
STATE PLANNING DEPARTMENT, DEPARTMENT OF PUB-
LIC IMPROVEMENTS AND BOARD OF PUBLIC WORKS.

259T.

(A)    The provisions of Section 259K—259T, inclusive, of this
subtitle being necessary for the welfare of the State and its in-
habitants, shall be liberally construed to effect the purposes thereof.

(B)    THE PROVISIONS OF SECTIONS 259K—259T, IN-
CLUSIVE, OF THIS SUBTITLE ARE SEVERABLE, AND IF
ANY OF SUCH PROVISIONS SHALL BE HELD UNCON-
STITUTIONAL BY ANY COURT OF COMPETENT JURIS-
DICTION, THE DECISION OF SUCH COURT SHALL NOT
AFFECT OR IMPAIR ANY OF THE REMAINING PROVI-
SIONS.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved April 8, 1965.