Ch. 26                                     2004 LAWS OF MARYLAND

Also in subsection (f) of this section, the phrase "the report shall include" is
substituted for the former phrase "each report submitted in accordance
with subsection (f) of this section shall" for brevity.

Defined terms: "Board" § 9-2601
"Corporation" § 9-2601

9-2611. DEBTS, CLAIMS, OBLIGATIONS, AND LIABILITIES.

(A)     IN GENERAL.

ALL DEBTS, CLAIMS, OBLIGATIONS, AND LIABILITIES OF THE CORPORATION,
WHENEVER INCURRED, SHALL BE THE DEBTS, CLAIMS, OBLIGATIONS, AND
LIABILITIES OF THE CORPORATION ONLY AND NOT OF THE STATE, OTHER UNITS OF
STATE GOVERNMENT, OTHER STATE INSTRUMENTALITIES, STATE OFFICERS, OR
STATE EMPLOYEES.

(B)     NOT TO BE CONSIDERED STATE LIABILITY.

THE DEBTS, CLAIMS, OBLIGATIONS, AND LIABILITIES OF THE CORPORATION
MAY NOT BE CONSIDERED A DEBT, CLAIM, OBLIGATION, OR LIABILITY OF THE STATE
OR A PLEDGE OF ITS FULL FAITH AND CREDIT.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 41, §§ 20-110 and 20-104(14)(i), as it related to
the borrowing of the Corporation.

In subsection (a) of this section, the word "other" is added to modify "units
of State government" and "State instrumentalities" in light of the
Corporation's status as "an independent unit in the Executive Branch of
State government" and "a public instrumentality of the State".

Defined terms: "Board" § 9-2601
"Corporation" § 9-2601

9-2612. EXEMPTIONS; ETHICS LAWS; MINORITY BUSINESS ENTERPRISES; REVIEW OF
PRELIMINARY MUSEUM PLANS.

(A) EXEMPTIONS ENUMERATED.

EXCEPT AS OTHERWISE PROVIDED IN THIS SECTION, THE CORPORATION IS
EXEMPT FROM:

(1)      TITLE 10, SUBTITLE 5 OF THIS ARTICLE;

(2)     TITLE 2, SUBTITLES 2, 4, AND 6 AND § 2-510 OF THE STATE FINANCE
AND PROCUREMENT ARTICLE;

(3)      TITLE 3 OF THE STATE FINANCE AND PROCUREMENT ARTICLE;

(4)     TITLE 4, SUBTITLES 2 THROUGH 7 OF THE STATE FINANCE AND
PROCUREMENT ARTICLE;

- 214 -