Unannotated Code of Maryland (Last Updated: May 16, 2014) |
EDUCATION |
DIVISION III. HIGHER EDUCATION |
TITLE 17. FINANCIAL AID TO INSTITUTIONS OF HIGHER EDUCATION |
SUBTITLE 3. PRIVATE DONATION INCENTIVE PROGRAM. |
§ 17-304. Allocation of payments made
Latest version.
-
(a) Eligible programs. -- Amounts paid by the State under this subtitle may be applied to any eligible program at the eligible institution to which the payment is made.
(b) Appropriations. -- No more than one-half of the total amount to be paid by the State under provisions of this subtitle may be appropriated in any fiscal year. The provisions of § 7-302 of the State Finance and Procurement Article do not apply to unused program funds.