Volume 795, Page 1940 View pdf image |
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Ch. 208 1997 LAWS OF MARYLAND WHEREAS, A 1995 Maryland turfgrass survey indicated that the Maryland WHEREAS, The Maryland Turfgrass Council and the turfgrass industry are very WHEREAS, The cooperative research at the University's turfgrass research farm WHEREAS, In 1995 the State of Maryland made the decision to close the Great WHEREAS, The contract calls for the payment of $2,300,000 of the purchase price SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF (a) (1) In this Act the following words have the meanings indicated. (2) "Contract" means the purchase and sale agreement by and between the (3) "Endowment" means the endowment funds maintained and managed by (4) "Turf farm endowment" means a portion of the turf farm proceeds in (5) "Turf farm proceeds" means proceeds in the amount of $2,300,000 from (b) (1) Notwithstanding any other provision of law, the turf farm proceeds, (2) The turf farm endowment shall be delivered to the University of (3) The University of Maryland System shall maintain, manage, invest, - 1940 -
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Volume 795, Page 1940 View pdf image |
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