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Session Laws, 1999
Volume 796, Page 1303   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 118

R30B28

University of Baltimore, provided that

$129,664 of this appropriation, constituting a

general fund appropriation through program

RT00.01 Support for State Operated

Institutions of Higher Education for the

University of Baltimore, shall not be expended

for a purpose other than personnel and

operating expenditures for the property at

1300 North Charles Street. Further provided

that these funds shall not be released until the

committees have received notification that the

university owns the building. Further provided

that funds allocated to but not expended on

operations of the building by the end of fiscal

2000 shall revert to the general fund.

22,728,812

22,599,148

R30B29

Salisbury State University

24,371,400

R30B30

University of Maryland University College

10,589,937

R30B31

University of Maryland, Baltimore County

58,430,580

R30B34

University of Maryland Center for

Environmental Science

10,887,025

R30B35

University of Maryland Biotechnology

Institute, provided that $500,000 $1,000,000 of

this amount, appropriated for the Institute of

Human Virology, may not be expended until a

business plan for GBR Scientific, Inc. has been

submitted to the budget committees and the

committees have had 45 days to review and

comment on the plan. GBR Scientific, Inc.,

named for the three primary scientists

associated with the Institute of Human

Virology, has been established to commercialize

technology developed by the institute. The

business plan should clearly outline the

investment being made by these scientists and

other investors, including the City of

Baltimore. In addition, the business plan

should acknowledge the State's investment of

$15,500,000 $17,000,000 in the institute.

through fiscal 2000, and provide the State with

an equity position in the company at a level that

will allow Maryland to recoup its investment.

The business plan should also reflect

anticipated future State support for the

institute. The business plan should address

whether the City of Baltimore will receive

an equity position as well.

16,857,737

- 1303 -



 
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Session Laws, 1999
Volume 796, Page 1303   View pdf image
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