HARRY HUGHES, Governor

1087

(b)  The provisions of § 13-105(a) do not apply to
University College. [The annual budget bill shall contain a
lump-sum appropriation to University College of the tuitions,
fees, gifts, and grants, and the interest on those revenues which
University College estimates it will receive during the fiscal
year.] University College 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. [Except
as provided in this section, the lump-sum appropriation to
University College may be included in the annual State budget
without supporting data.]

(c)  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 Fiscal
Planning each year before October 1. [The Secretary of Budget
and Fiscal Planning shall include the annual information
statement in the supporting data submitted with the budget bill.]
The annual financial information statement shall include for the
next following fiscal year:

(1)  An estimate of the total revenues of University
College, including revenues from tuitions, fees, gifts, grants,
and interest income; and

(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; and

(3)  An estimate of the total cost of salaries and
personnel benefits for employees of University College.

REVISOR'S NOTE: Chapter ____, Acts of 1985, which enacted

the State Finance and Procurement Article, also
amended subsections (b) and (c) of this section.

13-204.5.

THE INTEREST OR OTHER INCOME FROM THE INVESTMENT OF ANY
SPECIAL FUND APPROPRIATION TO THE UNIVERSITY SHALL BE CREDITED TO
THE UNIVERSITY.

REVISOR'S NOTE: Chapter ____, Acts of 1985, which enacted

the State Finance and Procurment Article, also enacted
this section, which is new language derived without
substantive change from former Art. 95, § 22F(b)(4),
as it related to the University.

14-105.5.

THE INTEREST OR OTHER INCOME FROM THE INVESTMENT OF ANY
SPECIAL FUND APPROPRIATION TO THE BOARD AND INSTITUTIONS UNDER
ITS JURISDICTION SHALL BE CREDITED TO THE INSTITUTION.