WILLIAM DONALD SCHAEFER, Governor

Ch. 246

SECTION 13. AND BE IT FURTHER ENACTED, That, except as
expressly provided to the contrary in this Act, any transaction
affected by or flowing from any statute here amended, repealed,
or transferred, and validly entered into before the effective
date of this Act, and every right, duty, or interest flowing from
it, remains valid after the effective date of this Act and may be
continued, completed, consummated, enforced, or terminated
pursuant to law.

SECTION 14. AND BE IT FURTHER ENACTED, That, except as
otherwise provided in this Act, all rules and regulations,
proposed rules and regulations, standards and guidelines,
policies, orders and other directives, permits and licenses,
applications for permits and licenses, forms, plans, memberships,
special funds, appropriations, grants, applications for grants,
contracts, property, investigations, administrative and judicial
proceedings, rights to sue and be sued, and all other duties and
responsibilities associated with, and all matters pending before,
the Board of Regents of the University of Maryland, any campus or
unit of the University of Maryland, the Board of Trustees of
State Universities and Colleges, or any of the institutions
formerly under its jurisdiction, shall continue in effect under
the Board of Regents of the University of Maryland System or the
appropriate constituent institution or center or other unit
within the University of Maryland System, until completed,
withdrawn, canceled, modified, or otherwise changed pursuant to
law.

SECTION 15. AND BE IT FURTHER ENACTED, That, except as
otherwise provided in this Act, all rules and regulations,
proposed rules and regulations, standards and guidelines,
policies, orders and other directives, all permits and licenses,
certificates of approval, forms, plans, memberships, special"
funds, appropriations, grants, applications for grants,
contracts, property, investigations, administrative and judicial
proceedings, rights to sue and be sued, and all other duties and
responsibilities associated with and all matters pending before
the State Board for Higher Education or the State Scholarship
Board shall continue in effect under the Maryland Higher
Education Commission until completed, withdrawn, canceled,
modified, or otherwise changed pursuant to law.

SECTION 16. AND BE IT FURTHER ENACTED, That the unexpended
or unencumbered balances of the appropriations made to the former
University of Maryland, the former Board of Trustees of State
Universities and Colleges, or one of the institutions formerly
under its jurisdiction, may not revert to the general treasury of
the State but shall instead be made available to the Board of
Regents of the University of Maryland System for expenditure

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