{"data":{"id":"us-md/md.-code-education-5-501","jurisdiction":"us-md","citation":"Md. Code, Education § 5–501","heading":"","body":"(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.\n(b) To qualify as a State-aided educational institution, an educational institution shall submit to the Department the following documentation:\n(1) The names of the members of an independent governing board for the institution;\n(2) Proof of status as a nonprofit organization;\n(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;\n(4) A detailed operating budget that:\n(i) For an educational institution other than the Baltimore Zoo, indicates that less than 50% of the operating budget comes from State grants;\n(ii) Specifies all sources of income, including grants received, names of granting agencies, and the amount of each grant; and\n(iii) Specifies all expenditures;\n(5) Plans for the use of any grant funds that may be awarded by the State-aided educational institutions grants programs;\n(6) Evidence of the provision of a direct service to Maryland school groups or to individuals with disabilities, including:\n(i) Data on age levels of students to be served;\n(ii) Data on the projected number of students and teachers to be served both statewide and by local jurisdiction; and\n(iii) Plans of the institution to support the goals of the Maryland Schools for Success Program and the Maryland School Performance Program; and\n(7) Evidence of liability insurance coverage.","path":["Article - Education"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=ged\u0026section=5-501","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:57:38Z","sha256":"a38d380078e2cb1d1b4a0eab76e89d742e894723ae2e5f68f99cd942df593d0b","source_id":"us-md","stale":false,"prev":"us-md/md.-code-education-5-414","next":"us-md/md.-code-education-5-502"},"notice":"GroundRules: Original legal text. Not legal advice."}