- A. No later than 60 days after the end of a designated time period, a college requesting matching funds from the State under Education Article, §16-321, Annotated Code of Maryland, shall provide to the Commission, for each eligible institution, a report containing the information set forth in §B of this regulation.
B. For each eligible donor, the college shall provide, in a format specified by the Commission:
- (1) An itemized list of all monetary and equipment donations made during the designated time period that includes a description of the purpose for which the eligible contribution was or will be used; and
- (2) Documentation, from the donor, of each monetary or equipment donation made during the designated time period showing that the donation was specifically designated to improve the college’s technology.
- C. A college shall provide additional or alternate documentation to the Commission upon the Commission’s request.
- D. If a college requesting matching funds does not already provide a copy of its annual audit and management report to the Commission, it shall submit one within 90 days of the close of each fiscal year.
- E. On or before August 1, 2022, and on or before August 1, 2024, a college shall provide to the Commission, for each eligible institution, a report specifying how all eligible contributions and State matching funds granted under this program were used.
Authority: Education Article, §§11-105(u) and 16-321, Annotated Code of Maryland; Ch. 457, Acts of 2019
Effective date: February 24, 2020 (47:4 Md. R. 263)