Ch. 25

2004 LAWS OF MARYLAND

(d) (2) The additional scholarship awarded under this subsection may not
exceed the cost of attendance [as defined in § 18-1302(g) of this title] AT THE
INSTITUTION, INCLUDING:

1.       THE TUITION AND FEES APPLICABLE TO THE STUDENT;
AND

2.       THE INSTITUTION'S ESTIMATE OF OTHER EXPENSES
REASONABLY RELATED TO COST OF ATTENDANCE AT THAT INSTITUTION,
INCLUDING, WITHOUT LIMITATION, THE COST OF ROOM AND BOARD,
TRANSPORTATION, BOOKS, AND SUPPLIES.

DRAFTER'S NOTE:

Error: Obsolete reference in § 18-1102(c)(1)(ii) and (d)(2) of the
Education Article.

Occurred: As a result of Ch. 203, Acts of 2003. The language added by
this Act in § 18-1102(c)(1)(ii) and (d)(2) of the Education Article
incorporates language of former § 18-1302(g) of the Education Article.

Subtitle 19. [Maryland Prepaid College Trust] COLLEGE SAVINGS PLANS OF

MARYLAND.

18-1901.

(a) In this subtitle the following words have the meanings indicated.
(B) "ACCOUNT HOLDER" MEANS AN INDIVIDUAL WHO:

(1)      MAKES OR UNDERTAKES THE OBLIGATION TO MAKE ADVANCE
PAYMENTS OF QUALIFIED HIGHER EDUCATION EXPENSES AS PROVIDED UNDER A
PREPAID CONTRACT; AND

(2)      EXCEPT AS PROVIDED IN § 18-1909(B) OF THIS SUBTITLE, IS A
RESIDENT OF MARYLAND OR OF THE DISTRICT OF COLUMBIA AT THE TIME THAT THE
ACCOUNT HOLDER ENTERS INTO A PREPAID CONTRACT.

[(b)] (C) "Board" means the College Savings Plans of Maryland Board.

[(c)](D) "Current prepaid contract obligations" means the scheduled
payments due for the next fiscal year under existing prepaid contracts.

[(d)](E) "Eligible institution of higher education" means an institution of
higher education that:

(1)     Offers an associate, bachelor, or graduate degree program; and

(2)     Is eligible to participate in federal financial aid programs.

[(e)] (F) "Prepaid contract" means a contract between the Board and an
account holder under the provisions of this subtitle for the advance payment of

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