Martin O'Malley, Governor                                                                                   Ch. 2

1. INCLUDE NONCAPITAL APPROPRIATIONS FROM
THE HIGHER EDUCATION INVESTMENT FUND; AND

2. [reflect] REFLECT any amendments or reductions to
the appropriation for the previous fiscal year.

16-512.

(a) (2) For purposes of this subsection, the State's General Fund
appropriation per full-time equivalent student to the 4-year public institutions of
higher education in the State for the previous fiscal year shall:

(I) INCLUDE NONCAPITAL APPROPRIATIONS FROM THE
HIGHER EDUCATION INVESTMENT FUND; AND

(II) [reflect] REFLECT any amendments or reductions to the
appropriation for the previous fiscal year.

17-104.

(d) For purposes of this section, the State's General Fund appropriation per
full-time equivalent student to the 4-year public institutions of higher education in the
State for the previous fiscal year shall:

(1)     INCLUDE NONCAPITAL APPROPRIATIONS FROM THE HIGHER
EDUCATION INVESTMENT FUND; AND

(2)      [reflect] REFLECT any amendments or reductions to the
appropriation for the previous fiscal year.

SECTION 4. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article - Tax - Property

[7-237.

(a) Except as provided in subsection (b) of this section, personal property is
exempt from property tax if the property is machinery or equipment used to generate:

(1)       electricity or steam for sale; or

(2)       hot or chilled water for sale that is used to heat or cool a building.

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