Ch. 486

2004 LAWS OF MARYLAND

4.       a government, including the government of another state,
of the United States, or of another country;

5.       an agency or political subdivision of a government; or

6.       a bistate, multistate, bicounty, or multicounty
governmental agency; [or]

(ii) procurement by the University in support of enterprise
activities for the purpose of:

1.       direct resale;

2.       remanufacture and subsequent resale; or

3.       procurement by the University for overseas programs; OR
(III) PROCUREMENT BY THE UNIVERSITY FOR:

1.       SERVICES OF MANAGERS TO INVEST, IN ACCORDANCE
WITH THE MANAGEMENT AND INVESTMENT POLICIES ADOPTED BY THE BOARD OF
REGENTS, GIFT AND ENDOWMENT ASSETS RECEIVED BY THE UNIVERSITY IN
ACCORDANCE WITH § 12-104(E) OF THE EDUCATION ARTICLE; OR

2.       EXPENDITURES TO MANAGE, MAINTAIN, AND ENHANCE,
IN ACCORDANCE WITH THE MANAGEMENT AND INVESTMENT POLICIES ADOPTED BY
THE BOARD OF REGENTS, THE VALUE OF GIFT AND ENDOWMENT ASSETS RECEIVED
BY THE UNIVERSITY IN ACCORDANCE WITH § 12-104(E) OF THE EDUCATION ARTICLE.

SECTION 2. AND BE IT FURTHER ENACTED, That the Board of Regents of
the University System of Maryland shall report to the Comptroller and the Treasurer
by September 1, 2004, on the management and investment policies and procedures
the Board has adopted to implement the provisions of this Act regarding the
management of gift and endowment assets received by the University in accordance
with § 12-104(e) of the Education Article.

SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 2004.

Approved May 26, 2004.

CHAPTER 486
(Senate Bill 868)

AN ACT concerning

Health Insurance - Treatment of Morbid Obesity

FOR the purpose of altering the requirements that gastric bypass surgery or another
surgical method must meet for coverage for treatment for morbid obesity to be
provided by certain insurers, nonprofit health service plans, health

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