VETOES

(B)  "BOARD" MEANS THE BOARD OF PUBLIC WORKS.

(C) "CAPITAL LEASE" MEANS ANY LEASE FINANCING IN WHICH:

(1) THE LEASE TRANSFERS OWNERSHIP OF THE PROPERTY TO
THE STATE BY THE END OF THE LEASE TERM;

(2) THE LEASE ALLOWS THE STATE TO PURCHASE THE
PROPERTY AT A REDUCED PRICE;

(3) THE TERM OF THE LEASE IS 75% OR MORE OF THE
ESTIMATED USEFUL ECONOMIC LIFE OF THE PROPERTY;

(4) THE PRESENT VALUE OF THE LEASE PAYMENTS IS 90% OR
MORE OF THE FAIR VALUE OF THE PROPERTY.

(C)  "CAPITAL LEASE" MEANS ANY LEASE FINANCING OF REAL
PROPERTY WHICH, BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, IS
DEFINED AS A CAPITAL LEASE.

(D)  "STAFF AGENCIES" INCLUDE THE DEPARTMENTS OF:

(1)  STATE PLANNING;

(2)  GENERAL SERVICES; AND

(3)  BUDGET AND FISCAL PLANNING.

(E)  "STATE AGENCY" MEANS ANY AGENCY, ASSOCIATION, BOARD,
BUREAU, COLLEGE, COMMISSION, COMMITTEE, COUNCIL, DEPARTMENT,
FOUNDATION, FUND, INSTITUTE, INSTITUTION, PUBLIC CORPORATION,
SERVICE, TRUST, UNIVERSITY, OR OTHER UNIT OF THE EXECUTIVE BRANCH
OF THE STATE GOVERNMENT AND INCLUDES ANY SUBUNIT WITHIN ANY OF
THESE UNITS.

5-706.2.

(A) THE PROVISIONS SPECIFIED UNDER §§ 5-706.1 THROUGH
5-706.6 OF THIS SUBTITLE FOR INSTITUTIONS OF HIGHER EDUCATION
SHALL APPLY TO NONRESEARCH, CLINICAL FACILITIES AND RELATED
OFFICES.

(B) THE PROVISIONS FOR INSTITUTIONS OF HIGHER EDUCATION
SPECIFIED UNDER §§ 5-106.1 THROUGH 5-106.6 OF THIS SUBTITLE DO
NOT APPLY TO FACILITIES USED FOR THE FOLLOWING PURPOSES:

(1)      DORMITORIES;

(2)  STUDENT UNIONS;

(3)   PARKING;

(4)  RESEARCH;

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