2678

LAWS OF MARYLAND

Ch. 912

by public authority, which pledges, LOANS, and gifts are
acquired or donated for this project, shall be considered as
part of the equal and matching funds required to be provided
by the Lyric Foundation, Inc., for University of Baltimore
Educational Foundation, Inc., or both,] or [their] ITS
successor [or successors] in interest, and Baltimore City,
under the terms of this section.

(2) The Board of Public works shall determine
and establish the value of any property, other than cash,
and shall also determine whether or not any pledge of cash
is bona fide and binding OR ANY LOAN IS GUARANTEED so as to
meet the requirements necessary to be considered as part of
the equal and matching funds.

(c) For the purpose of this section, any successor
[or successors] in interest must be a tax exempt
organization.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect June 1, 1978.

Approved May 29, 1978.

CHAPTER 913

(House Bill 1008)

AN ACT concerning

Pensions - Governor

FOR the purpose of stating the amount of pension available
to a governor who has retired under certain
circumstances; providing for certain adjustments in
that amount; providing for effective dates of change;
and generally relating to the pension provided for
retired governors and their spouses.

BY repealing and reenacting, with amendments,

Article 73B — Pensions

Section 11(18)

Annotated Code of Maryland

(1970 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 73B - Pensions

11.