Ch. 430                                    2004 LAWS OF MARYLAND

(II) other debt of State units, including the University System of
Maryland, Morgan State University, St. Mary's College of Maryland, and the
Baltimore City Community College.

(d)     The estimate of the Committee:

(1)     is advisory; and

(2)     does not bind the General Assembly, the Board, or the Governor.

(e)     (1) In addition to its other duties under this section, the Committee shall
review on a continuing basis the size and condition of any debt of the University
System of Maryland, Morgan State University, St. Mary's College of Maryland, and
the Baltimore City Community College.

(2)     In preparing an estimate with respect to the authorization of any new
State debt, the Committee shall take into account as part of the affordability analysis
any debt for academic facilities to be issued by a System.

(3)     At the same time that the Committee makes its report as required
under paragraph (b) of this section, the Committee shall submit to the Governor and
the General Assembly the Committee's estimate of the amount of new bonds for
academic facilities that prudently may be authorized in the aggregate for the next
fiscal year by the University System of Maryland, Morgan State University, and St.
Mary's College of Maryland.

(4)     For purposes of this subtitle, the terms "System" and "academic
facilities" have the meanings stated in § 19-101 of the Education Article.

(5)     The Committee may request any needed information from a System
and shall consider the information in making its estimates, including any information
submitted by a System at its own initiative.

(6)     This estimate;

(i) is advisory; and

(ii) does not bind the General Assembly, the Board, or the Governor.

(F) (1) IN ADDITION TO THE OTHER DUTIES UNDER THIS SECTION, THE
COMMITTEE SHALL REVIEW ON A CONTINUING BASIS THE SIZE AND CONDITION OF
ANY DEBT ISSUED BY THE DEPARTMENT OF TRANSPORTATION UNDER TITLE 3,
SUBTITLE 6 OF THE TRANSPORTATION ARTICLE.

(2)      IN PREPARING AN ESTIMATE WITH RESPECT TO THE
AUTHORIZATION OF ANY NEW STATE DEBT, THE COMMITTEE SHALL TAKE INTO
ACCOUNT AS PART OF THE AFFORDABILITY ANALYSIS ANY DEBT ISSUED BY THE
DEPARTMENT OF TRANSPORTATION UNDER TITLE 3, SUBTITLE 6 OF THE
TRANSPORTATION ARTICLE.

(3)      AT THE SAME TIME THAT THE COMMITTEE MAKES ITS REPORT AS
REQUIRED UNDER SUBSECTION (B) OF THIS SECTION, THE COMMITTEE SHALL
SUBMIT TO THE GOVERNOR AND THE GENERAL ASSEMBLY THE COMMITTEE'S

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