Ch. 93

LAWS OF MARYLAND

(d)  Any bank or trust company incorporated under the laws
of the State which acts as a depository of the proceeds of the
bonds or revenues may furnish indemnifying bonds or pledge
securities as required by [the System] A SYSTEM.

(e)  Any trust agreement or any resolution providing for the
issuance of bonds may provide the rights and remedies of
bondholders and trustee, and may restrict the individual right of
action by bondholders.

(f)  Any trust agreement OR ANY RESOLUTION may contain other
provisions [the System] A SYSTEM deems reasonable and proper for
the security of the bondholders, including, BUT NOT LIMITED TO,
covenants to abandon, restrict, or prohibit the construction or
operation of competing facilities and covenants pertaining to the
issuance of additional parity bonds upon stated conditions.

(g)  The resolution providing for the issuance of bonds is a
trust agreement if it so stipulates.

(h) All expenses incurred in carrying out the provisions of
any trust agreement OR ANY RESOLUTION may be treated as a part of
the cost of the operation of the [auxiliary] EDUCATIONAL
AUXILIARY OR ACADEMIC facilities.

19-105.

(a)  A system may contract for the use of or admission to
all or any part of any [auxiliary] EDUCATIONAL facility AUXILIARY
FACILITY OR ANY ACADEMIC FACILITY THAT WAS AUTHORIZED UNDER THE
REQUIREMENTS OF THIS TITLE with any person, partnership,
association, corporation, entity, or agency and may fix the
terms, conditions, fees, rents, and rates of charges for use or
admission. Such fees, rents, and charges may not be subject to
supervision or regulation by any other commission, board, bureau,
or agency of the State.

(b)  The resolution or trust agreement relating to any bonds
may provide that the [fees, rents, charges, and other revenues
which] EDUCATIONAL AUXILIARY FACILITIES FEES AND ACADEMIC FEES
THAT have been assigned or pledged as security for the bonds[,
except the part necessary to pay the cost of maintaining,
equipping, repairing, and operating the auxiliary facilities and
to provide reserves as provided for in the resolution authorizing
the issuance of the bonds or in the trust agreement securing
them,] OF A SYSTEM shall be set aside at regular intervals in a
sinking fund which is hereby pledged to, and charged with, the
payment of:

(1)  The interest upon the bonds when due;

(2)  The principal of the bonds when due;

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