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Section 17-301 – Definitions

    (a)    In this subtitle the following words have the meanings indicated.     (b)    “Base year” means July 1, 1997 through June 30, 1998.     (c)    “Eligible institution” means:         (1)    Each public senior higher education institution identified in § 10–101(m) or § 12–101(b)(3) of this article or its affiliated foundation; and         (2)    The following community college campuses or their affiliated foundations:             (i)    Allegany;             (ii)    Anne […]

Section 17-302 – Payments From State Relative to Private Donations

    (a)    Except as provided in subsection (b) of this section, each eligible institution shall receive from the State, in the manner and subject to the limitations of this subtitle, with respect to the amounts pledged by eligible private donors as voluntary donations at any time during the previous fiscal year to the eligible institution for eligible […]

Section 17-303 – Audits

    An affiliated foundation of an eligible institution that receives State payments shall provide to the Maryland Higher Education Commission an annual audit of all pledged and paid amounts and their sources, and a copy of the annual audit shall be provided to the Legislative Auditor.

Section 17-304 – Allocation of Payments Made

    (a)    Amounts paid by the State under this subtitle may be applied to any eligible program at the eligible institution to which the payment is made.     (b)    No more than one-half of the total amount to be paid by the State under provisions of this subtitle may be appropriated in any fiscal year. The provisions of § […]

Section 17-305 – Prohibited Use

    Amounts paid by the State to an eligible institution under this subtitle may not directly or indirectly reduce the State General Fund or Capital Fund support for the eligible institution.

Section 17-306 – Regulations; Annual Report

    The Maryland Higher Education Commission shall:         (1)    Adopt regulations necessary for the administration of this subtitle; and         (2)    Submit to the Governor and, in accordance with § 2-1257 of the State Government Article, to the General Assembly an annual report summarizing the total amount of funds pledged by eligible private donors and total amount of funds raised.