PARRIS N. GLENDENING, Governor

Ch. 407

(II) THAT THE CONFLICT OF INTEREST CAN BE MANAGED
CONSISTENT WITH THE PURPOSES OF THIS SECTION AND OTHER RELEVANT PROVISIONS
OF THIS TITLE.

(3) NOTWITHSTANDING THE PROVISIONS OF SUBSECTION (G) OF THIS
SECTION THE GOVERNING BOARD OF AN EDUCATIONAL INSTITUTION SHALL PROMPTLY
NOTIFY THE ETHICS COMMISSION IN WRITING OF ANY EXEMPTION THAT IS GRANTED
UNDER THIS SECTION TO AN OFFICIAL SUBJECT TO THIS SUBSECTION.

(4) (I) IF THE ETHICS COMMISSION DISAGREES WITH AN EXEMPTION
THAT IS GRANTED BY THE GOVERNING BOARD OF AN EDUCATIONAL INSTITUTION TO AN
OFFICIAL WHO IS SUBJECT TO THIS SUBSECTION, WITHIN 30 DAYS AFTER RECEIPT OF
THE NOTICE UNDER PARAGRAPH (3) OF THIS SUBSECTION THE ETHICS COMMISSION
SHALL NOTIFY THE GOVERNING BOARD OF THE REASON FOR ITS CONCERN.

(II) UPON RECEIPT OF THE NOTICE FROM THE ETHICS COMMISSION
THAT IS PROVIDED UNDER SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE GOVERNING
BOARD OF THE EDUCATIONAL INSTITUTION SHALL REEXAMINE THE MATTER

(II) (I) THIS SECTION MAY BE CITED AS THE "PUBLIC-PRIVATE
PARTNERSHIP ACT".

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1996.

Approved May 14, 1996.

CHAPTER 407
(Senate Bill 551)

AN ACT concerning

Economic Development - Montgomery County Conference Center

FOR the purpose of promoting economic development in this State by authorizing the
Maryland Stadium Authority to provide for the development and construction of
the Montgomery County Conference Center; altering the Authority's powers;
providing that certain lease payments to the Authority appropriated by the State for
certain facilities be maintained in certain funds; placing certain restrictions on the
issuance of certain bonds by the Authority; prohibiting the Authority from closing
on the sale of certain bonds or otherwise borrowing money in excess of a certain
amount with respect to the Montgomery County Conference Center facility unless
the Authority has secured certain deeds, leases, or written agreements with
Montgomery County and a private developer; establishing the Montgomery County
Conference Center Financing Fund; providing for the purposes, composition, and
investment of the Fund; requiring the Authority, in cooperation with the Office of
the Comptroller and the Department of Budget and Fiscal Planning, to submit an
annual report on the additional tax revenues generated by the Montgomery County
Conference Center facility; defining certain terms; altering certain definitions;

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