Ch. 345                                    1995 LAWS OF MARYLAND

(4) In its discretion, the Board may establish, merge, consolidate, or close
any center or institute.

(f)     (1) With the approval of the Board of Public Works, the Board of Regents
may sell or exchange any part of its properties.

(2) Money received from the sale of property may be used, if approved by
the Board of Public Works, only to purchase or improve property and facilities. This
money may not be applied to the Annuity Bond Fund Account.

(g)     (1) The Board:

(i) Has the power to sue or be sued; and

(ii) May carry comprehensive liability insurance to protect the Board,
its agents and employees, and the agents and employees of any institution under its
jurisdiction.

(2)     The determination whether to purchase insurance, and its scope and
limitations, shall be within the Board's discretion, taking into account commercial
availability and affordability and the existence and extent of insurance secured by the
State Treasurer.

(3)     (i) Title 12, Subtitle 1 of the State Government Article ("Maryland
Tort Claims Act") applies to claims or actions against the University of Maryland System
and its employees.

(ii) Subject to all exclusions and limitations in that subtitle, the
immunity of the University of Maryland System is waived to the extent of any insurance
coverage purchased under this subsection.

(4)     Nothing in this subsection shall be construed to waive or abrogate
sovereign immunity with respect to any claim that is not covered by or exceeds the limits
of an insurance policy.

(5)     Nothing in this subsection shall be construed to waive or abrogate the
immunity of the University of Maryland System under the Eleventh Amendment to the
United States Constitution.

(h) (1) Subject to Title 10, Subtitle 5 of the State Government Article ("Open
Meetings" Law), the Board may make rules and regulations, and prescribe policies and
procedures, for the management, maintenance, operation, and control of the University
of Maryland System.

(2) Except with respect to classified employee grievance appeals, Title 10,
Subtitles 1 and 2 of the State Government Article ("Administrative Procedure Act") are
not applicable to the Board of Regents.

(i) (1) Except as provided in subsections (e) and (f) of this section, the Board
may delegate any part of its authority over the affairs of the constituent institutions and
centers to the Chancellor or the Presidents, or to any advisory bodies that the Board
establishes under § 12-201 of this title.

- 2340 -