Ch. 246                                          LAWS OF MARYLAND

[13-114.] 13-101.

(a)  There is a University College in the University of
Maryland which is not a new branch of the University of Maryland
[within the meaning of §§ 13-104(f) and 13-1A-02 of this
article].

(b)  The provisions of [§ 13-105(a)] § 12-105(A) OF THIS
ARTICLE do not do not apply to THE OVERSEAS OPERATIONS OF
University College. 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.

(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 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.

(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 from the General Fund of the State, shall not
revert to the General Fund of the State at the end of the State's
fiscal year.

(e)  University College may:

(1)  Purchase, lease, or rent motor vehicles for use
in overseas programs; and

(2)  Purchase, lease, or rent mechanical or electronic
data or information processing equipment and related services for
its overseas programs.

(f)  (1) Each year University College shall cause an
independent certified public accountant to prepare audited

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