PARRIS N. GLENDENING, Governor

Ch. 110

D. THE INCOME PRODUCED BY EACH CLASS OF INVESTMENT;

AND

E. THE INCOME PRODUCED BY EACH INVESTMENT MANAGER;

AND

2. A DETAILED ACCOUNT OF THE OPERATING AND
ADMINISTRATIVE BUDGET FOR THE PROGRAM WHICH SHALL INCLUDE A COMPLETE
LIST OF REVENUE SOURCES AND EXPENDITURES DETAILING THE LINE ITEM
EXPENDITURES FOR:

A.	SALARIES, WAGES, AND FRINGE BENEFITS;
B.	TECHNICAL AND SPECIAL FEES;
C.	COMMUNICATION;
D.	TRAVEL;
E.	CONTRACTUAL SERVICES;
F.	SUPPLIES AND MATERIALS;
G.	EQUIPMENT;
H.	FIXED CHARGES; AND
I.	OTHER EXPENSES.

(III) THE NUMBER OF PREPAID TUITION HIGHER EDUCATION
INVESTMENT CONTRACTS ENTERED INTO DURING THE PREVIOUS FISCAL YEAR;

(IV) EFFORTS BY THE BOARD IN MARKETING THE PROGRAM OF
PREPAID TUITION HIGHER EDUCATION INVESTMENT CONTRACTS; AND

(V) ANY RECOMMENDATIONS OF THE BOARD CONCERNING THE
OPERATION OF THE PROGRAM.

(2) THE BOARD SHALL MAKE AVAILABLE TO EACH PURCHASER A COPY
OF A SUMMARY OF THE REPORT AND THE OPTION TO PURCHASE THE FULL REPORT
AT A NOMINAL CHARGE.

Article — State Government

10-616.

(N) (1) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, A CUSTODIAN
SHALL DENY INSPECTION OF ANY RECORD DISCLOSING THE NAME OF A
PURCHASER OR QUALIFIED BENEFICIARY OF A PREPAID TUITION HIGHER
EDUCATION INVESTMENT CONTRACT UNDER TITLE 18, SUBTITLE 19 OF THE
EDUCATION ARTICLE

(2) A CUSTODIAN:

(I) SHALL PERMIT INSPECTION BY A PERSON IN INTEREST; AND

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