Ch. 93
LAWS OF MARYLAND
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Education
Title 19. [Auxiliary] EDUCATIONAL AUXILIARY AND ACADEMIC
Facilities
[Revenue] Bond Authority
19-101.
(a) In this title the following words have the meanings
indicated.
[(b) "Auxiliary facility" and "auxiliary facilities" mean
any facility or facilities, now existing or hereafter constructed
or acquired, which furnish a service to students, faculty, or
staff at a system and WHICH GENERATE INCOME, FEES, RENTS,
CHARGES, AND REVENUES ARISING FROM THE USE OF THE FACILITY OR
FACILITIES TO SUPPORT ANY PROJECT COSTS also mean any research
facility or specialized academic facility; such facilities shall
include (but shall not be limited by type or class or otherwise
to) housing facilities, eating facilities, recreational
facilities, campus infirmaries, parking facilities, athletic
facilities, student union or activity facilities, RESEARCH
FACILITIES, laboratory facilities, testing facilities, and any
related or incidental facility or any combination of such
facilities.
(c) "Auxiliary facilities fees" means income, fees, rents,
charges, and revenues arising from the use of any auxiliary
facilities.]
(B) (D) (1) "ACADEMIC FACILITY" AND "ACADEMIC FACILITIES"
MEAN ANY FACILITY OR FACILITIES, NOW EXISTING OR HEREAFTER
CONSTRUCTED OR ACQUIRED, WHICH ARE USED PRIMARILY FOR THE
INSTRUCTION OF STUDENTS OF A SYSTEM.
(2) "ACADEMIC FACILITY" AND "ACADEMIC FACILITIES"
ALSO MEAN ANY FACILITY OR FACILITIES RELATED, REQUIRED, USEFUL,
OR INCIDENTAL FOR THE OPERATION OR ACTIVITIES OF A SYSTEM WHICH
ARE NOT AUXILIARY FACILITIES.
[(d)] (C) (E) "Board" means the Board of Regents of the
University of Maryland System, THE Board of Regents of Morgan
State University, or the Board of Trustees of St. Mary's College
of Maryland.
[(e)] (D) (F) "Bonds" means revenue bonds, certificates,
notes, demand notes, commercial paper, or other evidences of
indebtedness and shall also include bond anticipation notes.
- 1734 -
|
|