476                                            LAWS OF MARYLAND

appropriation shall be contingent
on certification by the institute
to the Board of Public Works,
after review and approval by the
State Board for Higher Education,
that $7,450,000 has been placed
in the endowment fund. The
endowment fund includes term
endowment, both restricted and
unrestricted quasi-endowment,
beneficiary interests in
income-producing trust and
unitrust funds held by others,
and endowment term pledges. "Term
Pledges" means pledges with a
maturity date no later than
December 31, 1991. "Endowment
Fund" means a fund whose
principal is inviolate under the
terms of the grantor, or where
principal has been taken into the
Institute's Endowment Fund by
formal action of the Board of
Trustees.........................

SUMMARY

Total General Fund Appropriation..............

Total Special Fund Appropriation..............

Total Federal Fund Appropriation..............

Total Appropriation.........................

MARYLAND HIGHER EDUCATION LOAN CORPORATION

36.10.00.01 General Administration

Special Fund Appropriation.........

STATE COUNCIL ON VOCATIONAL-TECHNICAL
EDUCATION

36.11.00.01 General Administration

General Fund Appropriation.........

Ch. 109

900,000

22,245,545

11,500

393,523

22,650,568

3,764,089

88,824

79,824