S.B. 205

VETOES

2.       An incorporated college or university may not transfer or
attempt to transfer any interest in submerged land acquired under the provision of item 1
of this subparagraph to any person, corporation, or joint stock company.

3.       Any transfer or attempt to transfer an interest in submerged
land acquired under the provisions of item 1 of this subparagraph shall be void, and the
interest in submerged land shall revert to the State without the necessity of any action by
the State.

(IV) 1. A NONSTOCK, NONPROFIT CORPORATION ORGANIZED
UNDER THE LAWS OF THIS STATE EXCLUSIVELY FOR EDUCATIONAL AN©
CHARITABLE PURPOSES MAY LEASE OR ACQUIRE NOT MORE THAN TWO LEASES
CONSISTING OF NOT MORE THAN 30 ACRES EACH OF SUBMERGED LAND IN THE
SEVERN RIVER FOR THE EDUCATIONAL OR ECOLOGICAL PURPOSES OF THIS
SECTION.

2. A. EXCEPT AS PROVIDED IN SUB-SUB-SUBPARAGRAPH
B B. OF THIS SUB-SUBPARAGRAPH, A NONSTOCK, NONPROFIT CORPORATION
ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES MAY
NOT TRANSFER OR ATTEMPT TO TRANSFER ANY INTEREST IN SUBMERGED LAND
ACQUIRED UNDER THE PROVISION PROVISIONS OF SUB-SUBPARAGRAPH 1 OF THIS
SUBPARAGRAPH TO ANY PERSON, CORPORATION, OR JOINT STOCK COMPANY FOR
THE PURPOSE OF HARVESTING THE OYSTERS FOR PROFIT.

B. A THE NONPROFIT, NONSTOCK CORPORATION
ORGANIZED EXCLUSIVELY FOR EDUCATIONAL AND CHARITABLE PURPOSES MAY
HARVEST OYSTERS IN ACCORDANCE WITH A HARVESTING PROGRAM APPROVED BY
THE DEPARTMENT PROVIDED THAT ANY REVENUES FROM HARVESTING ARE
MAINTAINED BY THE NONSTOCK, NONPROFIT CORPORATION EXCLUSIVELY FOR
EDUCATIONAL AND CHARITABLE OR ECOLOGICAL PURPOSES AND FOR THE
MAINTENANCE AND PRESERVATION OF THE OYSTER BEDS SUBMERGED LANDS
LEASED BY THE NONPROFIT, NONSTOCK CORPORATION.

(3) Under regulations that the Department adopts, and in conjunction with
the 4-H advisory board in a county, the Department may make equal and matching grants
of up to $1,000 a county for any number of 4-H clubs in a county that:

(i) Are actively involved in oyster cultivation research;

(ii) Are leasing or acquiring any submerged land under paragraph (2)
of this subsection; and

(iii) Have received or have a guarantee to receive a research grant from
the county for oyster cultivation research.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1995.

May 24, 1995

The Honorable Thomas V. Mike Miller, Jr.

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