HARRY HUGHES, Governor

1655

GRANTS APPROVED BY THE BOARD OF PUBLIC WORKS, PURSUANT TO ARTICLE
78A, § 16C OF THE CODE, WITH RESPECT TO SUCH ACTIONS ON OR AFTER
THE TRANSFER DATE.

(E)  IF THE BOARD OF PUBLIC WORKS DETERMINES, AS PROVIDED IN
ARTICLE 32A OF THE CODE, THAT ANY INDIVIDUAL WHO IS A PART OF
MEDICAL SYSTEM UNIVERSITY PERSONNEL SHOULD BE REIMBURSED FOR THE
COST OF DEFENDING A CRIMINAL CLAIM RELATING TO ACTIONS ON OR
AFTER THE TRANSFER DATE IN THE COURSE OF SERVICES RELATED TO THE
MEDICAL SYSTEM, THE MEDICAL SYSTEM CORPORATION SHALL FUND SUCH
REIMBURSEMENT.

(F)  NOTHING CONTAINED IN THIS SUBTITLE SHALL BE DEEMED OR
CONSTRUED TO WAIVE OR ABROGATE IN ANY WAY THE SOVEREIGN IMMUNITY
OF THE STATE OR TO DEPRIVE THE UNIVERSITY OR ANY OFFICER OR
EMPLOYEE THEREOF OF SOVEREIGN IMMUNITY.

13-1B-09.

IN ORDER TO PROVIDE FINANCIAL INDEPENDENCE AND STABILITY TO
THE MEDICAL SYSTEM CORPORATION, THERE IS AN OPERATING RESERVE
FUND HELD BY THE TREASURER OF THE STATE FOR THE MEDICAL SYSTEM
CORPORATION. THE BOARD OF DIRECTORS MAY REQUEST FUNDS FROM THE
TREASURER FROM THE OPERATING RESERVE FUND AND THE TREASURER, WITH
THE APPROVAL OF THE BOARD OF PUBLIC WORKS, SHALL TRANSFER THE
AMOUNT REQUESTED TO THE MEDICAL SYSTEM CORPORATION BUT ONLY TO
THE EXTENT THAT THE OPERATING RESERVE FUND HAS BEEN FUNDED BY
APPROPRIATION IN AN ANNUAL STATE BUDGET. ADVANCES FROM THE
OPERATING RESERVE FUND SHALL BE TREATED AS LOANS FROM THE STATE,
SUBORDINATE TO THE RIGHTS OF OTHER CREDITORS OF THE MEDICAL
SYSTEM CORPORATION, AND THE BOARD OF DIRECTORS SHALL CAUSE SUCH
ADVANCES TO BE REPAID TO THE TREASURER AS SOON AS THE FINANCIAL
CONDITION OF THE MEDICAL SYSTEM CORPORATION REASONABLY PERMITS.
THE TREASURER SHALL HOLD ANY REPAID ADVANCES IN THE OPERATING
RESERVE FUND SUBJECT TO FURTHER ADVANCES TO THE MEDICAL SYSTEM
CORPORATION. THE MONEYS IN THE OPERATING RESERVE FUND SHALL NOT
REVERT TO THE GENERAL TREASURY AT THE END OF THE STATE'S FISCAL
YEAR, AND ALL INVESTMENT EARNINGS IN SUCH FUND SHALL BECOME A
PART OF SUCH FUND.

13-1B-10.

OBLIGATIONS OF THE MEDICAL SYSTEM CORPORATION:

(1)  ARE PAYABLE ONLY FROM ASSETS OF THE MEDICAL
SYSTEM CORPORATION; AND

(2)  ARE NOT DEBTS OR OBLIGATIONS OF THE UNIVERSITY OR
THE STATE.

13-1B-11.

(A) THE MEDICAL SYSTEM CORPORATION AND ITS CORPORATE
EXISTENCE SHALL CONTINUE UNTIL TERMINATED IN ACCORDANCE WITH LAW;
PROVIDED, HOWEVER, THAT NO SUCH LAW OR TERMINATION SHALL TAKE