HARRY HUGHES, Governor

1071

BOND FUND ACCOUNT FOR THE PAYMENT OF THE PRINCIPAL OF AND
INTEREST ON THE BONDED INDEBTEDNESS OF THE STATE.

(2)  IF CASH IS RECEIVED AS CONSIDERATION FOR THE
DISPOSITION OF A CAPITAL ASSET, AND IF THE CAPITAL ASSET WAS
ORIGINALLY PURCHASED WITH SPECIAL FUNDS, THE CASH SHALL BE
APPLIED TO THE SPECIAL FUND.

(3)  IF CASH IS RECEIVED AS CONSIDERATION FOR THE
DISPOSITION OF ANY REAL OR PERSONAL PROPERTY OF THE STATE OR ANY
UNIT OF THE STATE GOVERNMENT, OTHER THAN A CAPITAL ASSET, THE
CASH SHALL BE ACCOUNTED FOR AND PAID INTO THE. STATE TREASURY.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 78A, §
15(e) and (f).

Throughout this section, the words "unit of the State
government" are substituted for the former language
"board, commission, department or other agency of the
State", for consistency with language used elsewhere
in this article.

Defined term: "Real or personal property" § 10-301

10-307. TRANSFER OF GEOTHERMAL RESOURCES ON STATE-OWNED
PROPERTY.

(A)  "GEOTHERMAL RESOURCES" DEFINED.

IN THIS SECTION, "GEOTHERMAL RESOURCES" HAS THE MEANING
STATED IN § 8-8A-01 OF THE NATURAL RESOURCES ARTICLE.

(B)  PERMITTED; CONDITIONS.

SUBJECT TO ANY CONDITIONS THE BOARD AND THE DEPARTMENT OF
NATURAL RESOURCES IMPOSE, GEOTHERMAL RESOURCES LOCATED ON REAL
PROPERTY OWNED BY THE STATE MAY BE SOLD, LEASED, TRANSFERRED,
EXCHANGED, GRANTED, OR OTHERWISE DISPOSED OF TO ANY PERSON FOR A
CONSIDERATION THE BOARD DECIDES IS ADEQUATE.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 78A, §
15(g).

Defined terms: "Board" § 10-101
"Person" § 1-101

10-308. LEASES OF STATE-OWNED PROPERTY TO BUSINESS ENTITIES.

(A) "MINORITY BUSINESS ENTERPRISE" DEFINED.

IN THIS SECTION, "MINORITY BUSINESS ENTERPRISE" HAS THE
MEANING STATED IN § 18-601 OF THIS ARTICLE.