§ 6-615. Research endowment plans.

MD Econ Dev Code § 6-615 (2019) (N/A)
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(a)    The governing body of each nonprofit institution of higher education shall submit a research endowment plan to the Authority prior to submitting its first request for a distribution of matching funds from the Fund.

(b)    The research plan shall include:

(1)    any information requested by the Authority to ensure compliance with the requirements of this subtitle; and

(2)    a demonstration of interest from qualified private donors to meet the criteria established by the Authority.