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Session Laws, 1999
Volume 796, Page 3130   View pdf image
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(IV) CALVERT;

(V) CARROLL;

(VI) CATONSVILLE;

(VII) CECIL;

(VIII) CHARLES;

(IX) CHESAPEAKE;

(X) DUNDALK;

(XI) ESSEX;

(XII) FREDERICK;

(XIII) GARRETT;

(XIV) GERMANTOWN;

(XV) HAGERSTOWN;

(XVI) HARFORD;

(XVII) HOWARD;

(XVIII) PRINCE GEORGE'S;

(XIX) ROCKVILLE;

(XX) ST. MARY'S;

(XXI) TAKOMA PARK; AND

(XXII) WOR-WIC.

(D) (1) "ELIGIBLE PRIVATE DONOR" MEANS AN INDIVIDUAL, CORPORATION,
PARTNERSHIP, OR OTHER FORM OF BUSINESS ORGANIZATION, PUBLIC OR PRIVATE
FOUNDATION, OR OTHER NONPROFIT ORGANIZATION.

(2) "ELIGIBLE PRIVATE DONOR" DOES NOT INCLUDE THE STATE, A
SUBDIVISION OF THE STATE, THE FEDERAL GOVERNMENT, OR A FOREIGN
GOVERNMENT.

(E) "ELIGIBLE PROGRAM" MEANS AN ENDOWMENT FOR AN ACADEMIC
PURPOSE THAT DOES NOT CONTAIN UNREASONABLE RESTRICTIONS AS TO USE AS
FURTHER DEFINED BY THE MARYLAND HIGHER EDUCATION COMMISSION.

(F) "ENDOWMENT" MEANS A DONATION OR GIFT THAT HAS BEEN PROVIDED
UNDER THE CONDITION THAT THE PRINCIPAL REMAIN INTACT AND BE INVESTED IN
PERPETUITY FOR THE PURPOSE OF PRODUCING INCOME.

 

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Session Laws, 1999
Volume 796, Page 3130   View pdf image
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