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§ 18-3008. Monetary awards

West's Annotated Code of MarylandEducationEffective: July 1, 2018

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 30. Maryland Technology Internship Program (Refs & Annos)
Effective: July 1, 2018
MD Code, Education, § 18-3008
§ 18-3008. Monetary awards
Currentness
In general
(a) Subject to subsections (b) and (c) of this section, money awarded under this subtitle:
(1) May be used to reimburse a technology-based business or a unit of State or local government up to 50% of a stipend paid to an intern, but not more than:
(i) $1,800 for the first semester; and
(ii) $1,200 for the second semester; and
(2) May total not more than $3,000 each year for each intern.
Increased reimbursement amounts
(b) The maximum reimbursement amounts established in subsection (a) of this section may be increased in accordance with changes in employment market conditions as jointly determined by UMBC and the Department of Commerce.
Percentage of internships with business that have not more than 150 employees
(c) At least 50% of the internships supported by the Program each year shall be with businesses that have not more than 150 employees.

Credits

Added by Acts 2014, c. 652, § 1, eff. July 1, 2014. Amended by Acts 2018, c. 364, § 1, eff. July 1, 2018.
MD Code, Education, § 18-3008, MD EDUC § 18-3008
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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