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§ 5-501. Qualification as State-aided educational institution

West's Annotated Code of MarylandEducation

West's Annotated Code of Maryland
Education (Refs & Annos)
Division II. Elementary and Secondary Education [Titles 2-9.5] (Refs & Annos)
Title 5. Financing (Refs & Annos)
Subtitle 5. State-Aided Educational Institutions (Refs & Annos)
MD Code, Education, § 5-501
§ 5-501. Qualification as State-aided educational institution
Currentness
In general
(a) For fiscal year 2001 and each fiscal year thereafter, to be considered for funding under this subtitle, an educational institution must qualify as a State-aided educational institution under this subtitle.
Documentation required
(b) To qualify as a State-aided educational institution, an educational institution shall submit to the Department the following documentation:
(1) The names of the members of an independent governing board for the institution;
(2) Proof of status as a nonprofit organization;
(3) A copy of the most recent independent annual audit or copies of the most recent internally generated financial statements until the annual audit is available;
(4) A detailed operating budget that:
(i) For an educational institution other than the Baltimore Zoo, indicates that less than 50% of the operating budget comes from State grants;
(ii) Specifies all sources of income, including grants received, names of granting agencies, and the amount of each grant; and
(iii) Specifies all expenditures;
(5) Plans for the use of any grant funds that may be awarded by the State-aided educational institutions grants programs;
(6) Evidence of the provision of a direct service to Maryland school groups or to individuals with disabilities, including:
(i) Data on age levels of students to be served;
(ii) Data on the projected number of students and teachers to be served both statewide and by local jurisdiction; and
(iii) Plans of the institution to support the goals of the Maryland Schools for Success Program and the Maryland School Performance Program; and
(7) Evidence of liability insurance coverage.

Credits

Added by Acts 1998, c. 657, § 1, eff. Oct. 1, 1998.
MD Code, Education, § 5-501, MD EDUC § 5-501
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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