Ch. 93

LAWS OF MARYLAND

8-112.

(E) (1) IN ADDITION TO ITS OTHER DUTIES UNDER THIS SECTION,
THE COMMITTEE SHALL REVIEW ON A CONTINUING BASIS THE SIZE AND
CONDITION OF ANY DEBT OF THE UNIVERSITY OF MARYLAND SYSTEM,
MORGAN STATE UNIVERSITY, AND ST. MARY'S COLLEGE OF MARYLAND.

(2) IN PREPARING AN ESTIMATE WITH RESPECT TO THE
AUTHORIZATION OF ANY NEW STATE DEBT, THE COMMITTEE SHALL TAKE
INTO ACCOUNT AS PART OF THE AFFORDABILITY ANALYSIS ANY DEBT FOR
ACADEMIC FACILITIES TO BE ISSUED BY A SYSTEM.

(3) AT THE SAME TIME THAT THE COMMITTEE MAKES ITS
REPORT AS REQUIRED UNDER PARAGRAPH (B) OF THIS SECTION, THE
COMMITTEE SHALL SUBMIT TO THE GOVERNOR AND THE GENERAL ASSEMBLY
THE COMMITTEE'S ESTIMATE OF THE AMOUNT OF NEW BONDS FOR ACADEMIC
FACILITIES THAT PRUDENTLY MAY BE AUTHORIZED IN THE AGGREGATE FOR
THE NEXT FISCAL YEAR BY THE UNIVERSITY OF MARYLAND SYSTEM, MORGAN
STATE UNIVERSITY, AND ST. MARY'S COLLEGE OF MARYLAND.

(4) FOR PURPOSES OF THIS SUBTITLE, THE TERMS "SYSTEM"
AND "ACADEMIC FACILITIES" HAVE THE MEANINGS STATED IN § 19-101 OF
THE EDUCATION ARTICLE.

(5) THE COMMITTEE MAY REQUEST ANY NEEDED INFORMATION
FROM A SYSTEM AND SHALL CONSIDER THE INFORMATION IN MAKING ITS
ESTIMATES, INCLUDING ANY INFORMATION SUBMITTED BY A SYSTEM AT ITS
OWN INITIATIVE.

(6) THIS ESTIMATE:

(I) IS ADVISORY; AND

(II) DOES NOT BIND THE GENERAL ASSEMBLY, THE
BOARD, OR THE GOVERNOR.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
provide for:

(1) The following academic facilities for the University of
Maryland System are hereby approved in the amounts specified:

(A) College Park Campus (Prince George's
County):

(I)  Construct college of business and
management/school of public

affairs building.....................$ 18,205,000

(II)  Design and construct Phase II of
A.V. Williams Modular Research

Building............................$ 16,755,000

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