HARRY HUGHES, Governor

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(1)  Review proposals for capital projects and
improvements proposed by the public institutions of higher
education in this State, and by private institutions of higher
education seeking State funds for capital projects and
improvement; and

(2)  Develop and submit to the Governor and the
General Assembly recommendations as to these projects, which
shall be consistent with the plan provided for in § 12-111 of
this subtitle.

13-105.

(d) (3) The unexpended or unencumbered balances of the
University's general fund appropriation, including the amounts
received as reimbursement of statewide indirect costs, shall
revert to the [general treasury] GENERAL FUND of the State at the
end of each fiscal year. All other unexpended or unencumbered
balances of the University's revenues:

(i) Shall be reported to the Comptroller at the
end of the fiscal year for which the appropriation was made;

(ii) Do not revert to the [general treasury]
GENERAL FUND of the State at the end of each fiscal year; and

(iii) Shall be available to the University for
expenditure through an appropriation contained in a budget bill
or through an approved budget amendment.

13-114.

(d)  (1) The interest or income from the investment of the
funds of University College by the State Treasurer shall be
credited to University College.

(2) Any unexpended or unencumbered balance of the
annual appropriation for University College, except any
appropriation [of] FROM THE GENERAL FUND OF THE State [general
funds], shall not revert to the [general treasury] GENERAL FUND
of the State at the end of the State's fiscal year.

13-308.

(c) The State Treasurer shall hold and the State
Comptroller shall account for the fund. The fund shall be
invested and reinvested in the same manner as other State funds.
Any investment earnings of the fund shall be paid into the
GENERAL FUND OF THE State [general treasury].

(e)   [If there is no appropriation to the fund in the State
budget of part or all of the moneys] MONEY THAT IS received as
repayments of principal or interest on the loans[, the moneys]
AND THAT IS not appropriated IN THE STATE BUDGET shall be: