SECOND COMMITTEE OF CONFERENCE REPORT

We, the conferees, appointed by the respective bodies to consider and report upon the disagreeing vote on Senate Bill No. 324, report as follows:

A. We recommend that the House Amendment in the Nature of a Substitute (22106825D) be rejected.

B. We recommend that the attached Amendment in the Nature of a Substitute (22107924D) be accepted to resolve the matter under disagreement.

Respectfully submitted,

Senator Jill Holtzman Vogel

Senator Adam P. Ebbin

Senator Richard H. Stuart

Conferees on the part of the Senate

Delegate Israel D. O'Quinn

Delegate William C. Wampler III

Delegate Kenneth R. Plum

Conferees on the part of the House

JOINT CONFERENCE COMMITTEE REPORT

We, the conferees, appointed by the respective bodies to consider and report upon the disagreeing vote on Senate Bill No. 324, report as follows:

We recommend that the House Amendment in the Nature of a Substitute (22106825D) be accepted with the following amendment to resolve the matter under disagreement:

1. Line 95, substitute, after Code

insert

except university foundations established by or for, or in support of, a public body as authorized by state law, not to include a nonprofit foundation designed to support an institution of higher education or other educational and cultural institutions subject to Title 23.1

Respectfully submitted,

Senator Jill Holtzman Vogel

Senator Adam P. Ebbin

Senator Richard H. Stuart

Conferees on the part of the Senate

Delegate Israel D. O'Quinn

Delegate William C. Wampler III

Delegate Kenneth R. Plum

Conferees on the part of the House