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ROBERT L. EHRLICH, JR., Governor Ch. 290
(i) Bowie State University, Coppin State University, Morgan State
University, and University of Maryland Eastern Shore before January 1, [2006] 2010;
and
(ii) All other eligible institutions before July 1, 2004; and
(2) (i) To Bowie State University, Coppin State University, Morgan
State University, and the University of Maryland Eastern Shore, in the fiscal year
following the fiscal year during which the amounts are paid by eligible private donors;
and
(ii) To all other eligible institutions, in equal installments in fiscal
years 2006, 2007, 2008, and 2009.
(d) Payments by the State under this subtitle may not exceed:
(1) $250,000 to each community college campus;
(2) $1,250,000 each to the University of Maryland, College Park, the
University of Maryland, Baltimore, and the University of Maryland Baltimore
County;
(3) $1,500,000 each to Bowie State University, Coppin State University,
Morgan State University, and University of Maryland Eastern Shore; and
(4) $750,000 to each other eligible institution.
(e) (1) To determine eligibility for State payments, each donation shall be
compared to the amount donated during the base year. The following criteria shall be
the basis for comparison:
(i) Each donation must be from a new donor; or
(ii) Each donation must represent an increase over the amount
given by the donor during the base year.
(2) A donation received during the base year that fulfills a pledge made
prior to the base year may not be included in the determination of the amount
donated during the base year.
(3) Each donation must be specifically designated as an endowment.
(f) An institution may not receive funds for a donation that qualifies for a
contribution by the State under § 16-317 of this article.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2005.
Approved May 10, 2005.
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- 1505 -
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