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§ 18-309. Insufficiency of appropriated funds

West's Annotated Code of MarylandEducationEffective: July 1, 2007

West's Annotated Code of Maryland
Education (Refs & Annos)
Division III. Higher Education [Titles 10-20] (Refs & Annos)
Title 18. Student Financial Assistance (Refs & Annos)
Subtitle 3. Educational Excellence Award Program (Refs & Annos)
Effective: July 1, 2007
MD Code, Education, § 18-309
§ 18-309. Insufficiency of appropriated funds
Currentness
Amount paid to recipients
(a) For any fiscal year, if the funds appropriated for the Delegate Howard P. Rawlings Educational Excellence Award Program are insufficient to satisfy fully all awards as calculated under § 18-304 of this subtitle, the amount paid to each recipient of a Delegate Howard P. Rawlings Educational Excellence Award shall be a percentage of that award, as determined in accordance with regulations adopted by the Commission that establish a schedule of reductions for this purpose.
Grants not used by recipients
(b)(1) Delegate Howard P. Rawlings Educational Excellence Award grants calculated under § 18-304 of this subtitle that are not used by the recipients shall be retained by the Commission for use in the Delegate Howard P. Rawlings Educational Excellence Award Program for the next fiscal year.
(2) All funds retained in the Delegate Howard P. Rawlings Educational Excellence Award Program as provided in paragraph (1) of this subsection shall be used to award scholarships to students during subsequent fiscal years as provided by this title and may not be used for administrative expenses.

Credits

Added as Education § 18-308 by Acts 1991, c. 462, § 3, eff. July 1, 1995. Renumbered as Education § 18-309 by Acts 1996, c. 10, § 16, eff. April 9, 1996. Amended by Acts 1999, c. 606, § 1, eff. Oct. 1, 1999; Acts 2007, c. 491, § 2, eff. July 1, 2007.
MD Code, Education, § 18-309, MD EDUC § 18-309
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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