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MARVIN MANDEL, Governor 535
THE TRUSTEES HAVE THE POWERS AND DUTIES TO:
(1) RECEIVE ANNUAL APPROPRIATIONS AS PROVIDED IN
THE BUDGET;
(2) SPONSOR, ASSIST, CONDUCT, OR OTHERWISE CAUSE
TO BE UNDERTAKEN, COMPREHENSIVE PROGRAMS OF RESEARCH
AND EDUCATION PERTAINING TO THE AESTHETIC, NATURAL,
HEALTH AND WELFARE, SCENIC, OR CULTURAL QUALITIES OF
THE STATE ENVIRONMENT, INCLUDING THE PROVISION OF
FINANCIAL GRANTS TO PUBLIC AND PRIVATE AGENCIES,
ORGANIZATIONS, ANT PERSONS ENGAGED BY THE TRUSTEES FOR
CONSULTING AND OTHER SPECIAL PARTICIPATION IN THESE
PROGRAMS;
(3) ACQUIRE AND HOLD REAL AND PERSONAL PROPERTY,
OR ANY INTEREST THEREIN, OF AESTHETIC, SCENIC, OR
CULTURAL SIGNIFICANCE, OR OF SIGNIFICANCE TO THE
HEALTH AND WELFARE OF THE PUBLIC, BY LEASE, GIFT,
PURCHASE, DEVISE, BEQUEST, OR BY ANY OTHER MEANS, AND
CONSERVE, IMPROVE, ADMINISTER, INVEST, OR DISPOSE OF
THE PROPERTIES FOR THE PURPOSES OF THE TRUST, AND IN
THE ACQUISITION OF THESE PROPERTIES TO ACQUIRE
PROPERTY ADJACENT THERETO DEEMED NECESSARY FOR THE
PROPER USE AND ADMINISTRATION OF THE TRUST;
(4) ACCEPT ANY GIFT. THE TRUSTEES MAY EXPEND
BOTH PRINCIPAL AND INCOME OF ANY GIFT OF MONEY OR
INVEST IT IN WHOLE OR IN PART IN GENERAL OBLIGATIONS
OF THE STATE OR OTHER SECURITIES IN FURTHERANCE OF THE
TRUST, AS DECIDED AT A REGULAR OR SPECIAL MEETING, IF
A QUORUM IS PRESENT, BY THE AFFIRMATIVE VOTE OF A
MINIMUM OF SEVEN ELECTED TRUSTEES;
(5) APPLY ANY MONEY, ASSETS, PROPERTY OR OTHER
THINGS OF VALUE IT MAY RECEIVE AS AN INCIDENT TO ITS
OPERATION, TO THE GENERAL PURPOSES OF THE TRUST;
(6) COOPERATE WITH AND ASSIST AS FAR AS
PRACTICABLE, ANY UNIT OF THE STATE, ANY POLITICAL
SUBDIVISION, AND ANY PRIVATE, PUBLIC, OR FEDERAL
AGENCY, FOUNDATION, OR PERSON, IN FURTHERANCE OF THE
PURPOSES OF THE TRUST;
(7) TAKE ANY ACTION NECESSARY OR PROPER TO
EFFECTUATE THE POWERS EXPRESSLY CONFERRED BY THIS
SUBTITLE;
(8) ADOPT, SUBJECT TO THE TERMS OF THIS
SUBTITLE, RULES AND REGULATIONS NECESSARY OR PROPER
FOR THE REGULATION OF THEIR OWN GOVERNMENT OR TO
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