WILLIAM DONALD SCHAEFER, Governor                   Ch. 246

(3) FIX, REVISE, CHARGE, AND COLLECT FEES, RENTS, AND
OTHER CHARGES OR REVENUES (ALL HEREINAFTER CALLED AUXILIARY
FACILITIES FEES) FOR THE USE OF ANY AUXILIARY FACILITY AND PLEDGE
ALL OR ANY PART OF SUCH AUXILIARY FACILITIES FEES AS SECURITY FOR
BONDS ISSUED BY A SYSTEM. THE SYSTEM MAY ESTABLISH 1 OR MORE
TRUST FUNDS FOR THE DEPOSIT OF THE MONEYS COLLECTED FROM ANY
AUXILIARY FACILITIES FEES WHICH MAY BE IMPOSED PURSUANT TO THIS
SUBTITLE, AND RETAIN THE INTEREST REVENUE OR OTHER INVESTMENT
INCOME THEREON, FOR THE PURPOSE OF ACQUIRING, CONSTRUCTING,
RECONSTRUCTING, RENOVATING, EQUIPPING, MAINTAINING, REPAIRING,
AND OPERATING AUXILIARY FACILITIES;

(4) FIX, REVISE, CHARGE, AND COLLECT TUITION AND
OTHER STUDENT FEES AND PLEDGE ALL OR ANY PORTION OF SUCH TUITION
REVENUES AND OTHER STUDENT FEES AS SECURITY FOR BONDS ISSUED BY A
SYSTEM;

(5) ACQUIRE, HOLD, AND DISPOSE OF REAL AND PERSONAL
PROPERTY IN THE EXERCISE OF ITS POWERS AND THE PERFORMANCE OF ITS
DUTIES UNDER THIS ACT;

(6) ENTER INTO ALL CONTRACTS AND AGREEMENTS NECESSARY
OR INCIDENTAL TO THE PERFORMANCE OF ITS DUTIES AND THE EXECUTION
OF ITS POWERS UNDER THIS ACT, AND EMPLOY CONSULTING ENGINEERS,
ARCHITECTS, ATTORNEYS, CONSTRUCTION AND FINANCIAL EXPERTS, AND
OTHER EMPLOYEES AND AGENTS AS MAY BE NECESSARY, AND FIX THEIR
COMPENSATION;

(7) RECEIVE AND ACCEPT FROM THE UNITED STATES OF
AMERICA OR ANY AGENCY THEREOF GRANTS AND LOANS FOR THE PURPOSE OF
FINANCING OR REFINANCING ALL OR ANY PART OF THE COST OF ANY 1 OR
MORE PROJECTS, AND RECEIVE AND ACCEPT AID OR CONTRIBUTIONS FROM
ANY SOURCES OF MONEY, PROPERTY, LABOR, OR OTHER THINGS OF VALUE,
TO BE HELD, USED, AND APPLIED FOR THE PURPOSES FOR WHICH SUCH
GRANTS AND CONTRIBUTIONS WERE MADE; AND

(8) DO ALL ACTS AND THINGS NECESSARY OR CONVENIENT TO
CARRY OUT THE POWERS EXPRESSLY GRANTED BY THE PROVISIONS OF THIS
TITLE.

19-103.

(A) A SYSTEM MAY PROVIDE, BY RESOLUTION, FROM TIME TO TIME,
FOR THE ISSUANCE, IN SERIES, OF ITS BONDS FOR THE PURPOSE OF
PAYING ALL OR ANY PART OF THE COST OF ANY 1 OR MORE PROJECTS.
THE PRINCIPAL AND INTEREST ON SUCH BONDS SHALL BE PAYABLE SOLELY
FROM THE FUNDS HEREIN PROVIDED FOR SUCH PAYMENT. THE RESOLUTION
SHALL DESCRIBE THE AUXILIARY FACILITY OR FACILITIES TO BE
FINANCED OR REFINANCED BY THE BONDS, THE MAXIMUM PRINCIPAL AMOUNT
OF THE BONDS, AND THE SOURCES OF PAYMENT OF THE BONDS. THE
RESOLUTION MAY ALSO PRESCRIBE THE OTHER MATTERS REQUIRED OR
PERMITTED TO BE DETERMINED BY THE SYSTEM UNDER THIS TITLE OR MAY
PROVIDE THAT SUCH MATTERS MAY BE PRESCRIBED IN A TRUST AGREEMENT

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