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LAWS OF MARYLAND

Ch. 267

Corrective Bill Article 77A "Higher Education"

FOR the purpose of correcting technical errors in certain
sections of Article 77A of the Annotated Code of

Maryland.

BY repealing and reenacting, with amendments,

    Article 77A - Higher Education

     Section 14D(a), 61B(b)(5), (6) and (c)(2)

     Annotated Code of Maryland

     (1975 Replacement Volume and 1977 Supplement)

Maryland Fire and Rescue Education and Training
Commission - Clarifications

FOR the purpose of defining a certain__term__and clarifying

certain language relating to the Maryland Fire and

Rescue Education Training Commission.

BY repealing and reenacting, with amendments,

Article — Education

Section 12-113(a), (c)(1) and (e)

Annotated Code of Maryland

(As enacted by Chapter --- of the Acts of

the General Assembly of 1978)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland

(as enacted by Chapter ---- of the Acts of the General

Assembly of 1978) be repealed, amended, or enacted to read

as follows:

Article 77A - Higher Education

14D.

    (a) The board of trustees of St. Mary's College of

Maryland, as an agency of the State of Maryland is hereby

authorized and empowered to provide, by resolution, from

time to time, for the issuance, in series, of its negotiable

bonds, certificates or other evidence of indebtedness not to

exceed in the aggregate [10 million] $10 million for the

purpose of paying all or any part of the cost of any one or

more of said housing units. The principal and interest on

such bonds, certificates or other evidence of indebtedness

shall be payable solely from the funds herein provided for

such payment. The bonds of each issue shall be dated, shall

bear interest, and shall mature at such time or times not

exceeding 40 years from their date or dates, as may be

determined by the said board of trustees. The bonds of each

issue may be made redeemable before maturity at the option

of the said board of trustees at such price or prices and

under such terms and conditions as may be fixed by the said

board of trustees prior to the issuance of the bonds. The