AN ACT TO AUTHORIZE MAYLAND COMMUNITY COLLEGE TO CONVEY BY GIFT THE BLUE RIDGE BOUTIQUE HOTEL PROPERTY TO THE MAYLAND COMMUNITY COLLEGE ENTERPRISE CORPORATION. SL 2022-18. Enacted June 29, 2022. Effective June 29, 2022.
Bill Summaries: H 1045 MAYLAND CC/BLUE RIDGE HOTEL TRANSFER AUTH.
Summary date: Jun 30 2022 - View Summary
Summary date: Jun 15 2022 - View Summary
House committee substitute to the 1st edition makes the following changes. Amends the authority for Mayland Community College to convey some or all of its rights, title, and interest in the Blue Ridge Boutique Hotel property to the Mayland Community College Enterprise Corporation by adding that the terms of the conveyance are to be as Mayland Community College deems wise and requires that the property be used for educational purposes. Specifies that the deed conveying the property must include a restriction that provides that the property reverts to Mayland Community College if the property ceases to be used for educational purposes.
Summary date: May 25 2022 - View Summary
Authorizes Mayland Community College to convey some or all of its rights, title, and interest in the Blue Ridge Boutique Hotel property, as identified, to the Mayland Community College Enterprise Corporation.