|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ch. 202 2002 LAWS OF MARYLAND
|
|
|
|
|
|
|
|
|
(3) An amount equal to one-third of the amount in excess of $1,250,000
or any portion thereof of pledged amounts.
(b) Bowie State University, Coppin State College, Morgan State University,
and University of Maryland Eastern Shore 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 programs as follows:
(1) For amounts pledged on or after July 1, 2001, an amount equal to $2
for every $1 of the first $250,000 or any portion thereof of pledged amounts; and
(2) For amounts pledged on or after July 1, 2001, an amount equal to the
next $1,000,000 or any portion thereof of pledged amounts.
(c) Payments shall be made by the State:
(1) Only with respect to pledged amounts that are paid by the eligible
private donor to:
(i) Bowie State University, Coppin State College, Morgan State
University, and University of Maryland Eastern Shore before January 1, 2006; and
(ii) All other eligible institutions before July 1, 2004; and
(2) In the fiscal year following the fiscal year during which the amounts
are paid.
(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, [and]
the University of Maryland, Baltimore, AND THE UNIVERSITY OF MARYLAND
BALTIMORE COUNTY;
(3) $1,500,000 each to Bowie State University, Coppin State College,
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.
|
|
|
|
|
|
|
|
|
|
- 1744 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
