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ROBERT L. EHRLICH, JR., Governor S.B. 486
[(a)] (B) (1) There is a [University College in the University of Maryland]
UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE which is not a new [branch]
CONSTITUENT INSTITUTION of the University SYSTEM of Maryland.
(2) AS A CONSTITUENT INSTITUTION OF THE UNIVERSITY SYSTEM OF
MARYLAND, THE UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE IS AN
INSTRUMENTALITY OF THE STATE.
(3) THE EXERCISE BY THE UNIVERSITY OF MARYLAND UNIVERSITY
COLLEGE OF ITS CONFERRED POWERS, INCLUDING ITS OVERSEAS OPERATIONS, IS
THE PERFORMANCE OF AN ESSENTIAL PUBLIC FUNCTION.
[(b)] (C) The provisions of § 12-105(a) of this article do not apply to the
overseas operations of [University College. University College] THE UNIVERSITY OF
MARYLAND UNIVERSITY COLLEGE. THE INSTITUTION may spend the appropriation
without the approval of the Board of Public Works and without submitting a detailed
budget schedule to the Board of Public Works.
[(c)] (D) [University College] THE UNIVERSITY OF MARYLAND UNIVERSITY
COLLEGE shall prepare an annual financial information statement for the next
following fiscal year and shall submit the statement to the Department of Budget and
Management each year before October 1. The annual financial information statement
shall include for the next following fiscal year:
(1) An estimate of the total revenues of [University College] THE
UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE, including revenues from tuitions,
fees, gifts, grants, and interest income;
(2) An "estimate of the value of services which the other units of the
University of Maryland and other State agencies provide to [University College] THE
UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE; and
(3) An estimate of the total cost of salaries and personnel benefits for
employees of [University College] THE UNIVERSITY OF MARYLAND UNIVERSITY
COLLEGE.
[(d)] (E) (1) The interest or income from the investment of the funds of
[University College] THE UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE by the
State Treasurer shall be credited to [University College] THE UNIVERSITY OF
MARYLAND UNIVERSITY COLLEGE.
(2) Any unexpended or unencumbered balance of the annual
appropriation for [University College] THE UNIVERSITY OF MARYLAND UNIVERSITY
COLLEGE, except any appropriation from the General Fund of the State, shall not
revert to the General Fund of the State at the end of the State's fiscal year.
[(e)] (F) [University College] THE UNIVERSITY OF MARYLAND UNIVERSITY
COLLEGE may:
(1) Purchase, lease, or rent motor vehicles for use in overseas programs;
and
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