Maryland Statutes
Subtitle 1 - General Provisions
Section 15-104 - Use of Endowment Funds, Gifts, Donations, etc.; Fundraising; Foundations

(a)    It is the public policy of the State that endowment funds of public institutions of higher education and gifts, donations, bequests, private endowments, and private grants received by public institutions of higher education or their governing boards, including any income therefrom:
        (1)    Shall be used in accordance with the wishes of the donors; and
        (2)    May not be used as a substitute for State General Fund appropriations.
    (b)    (1)    The public institutions of higher education are encouraged to promote private fundraising by strengthening institutional development activities and by maintaining relationships with affiliated foundations.
        (2)    Affiliated foundations that are independently established for this purpose shall operate subject to policies adopted by the governing boards and be approved for form and legal sufficiency by the Attorney General.
        (3)    The presidents of the University System of Maryland constituent institutions may establish campus–based foundations. Each foundation need not be approved by the Board of Regents of the University System of Maryland but shall operate subject to policies adopted by the Board of Regents of the University System of Maryland in consultation with the presidents of the University System of Maryland constituent institutions.
        (4)    An affiliated foundation established and operated under this subsection may not be considered an agency or instrumentality of the State or a unit of the Executive Branch for any purpose.
        (5)    A financial obligation or liability of an affiliated foundation established and operated under this subsection may not be considered a debt or an obligation of the State or the University System of Maryland.
        (6)    Sections 5–501 through 5–504 of the General Provisions Article do not bar an official or employee of a public institution of higher education from becoming a director, official, or employee of an independent foundation organized to foster fundraising and provide related services for the benefit of the institution.
        (7)    No funds shall be accepted from an affiliated foundation by a public institution of postsecondary education unless the fiscal affairs of the affiliated foundation are audited annually by an independent certified public accountant.

Structure Maryland Statutes

Maryland Statutes

Education

Division III - Higher Education

Title 15 - Public Institutions of Higher Education

Subtitle 1 - General Provisions

Section 15-101 - Admission Standards

Section 15-102 - Payments by Credit Card

Section 15-103 - Access to Military Recruiters

Section 15-104 - Use of Endowment Funds, Gifts, Donations, etc.; Fundraising; Foundations

Section 15-105 - Transfer of Personnel Positions

Section 15-106 - Waiver of Tuition and Room and Board

Section 15-106.1 - Tuition Exemption for Foster Care Recipients or Unaccompanied Homeless Youths

Section 15-106.2 - Waiver of Residency Requirement for Public School Teacher

Section 15-106.3 - National Guard Students

Section 15-106.4 - Exemption From Paying Nonresident Tuition for Certain Military Personnel, Spouses, and Dependents

Section 15-106.5 - Tuition Increase Prohibited for 2006 Academic Year

Section 15-106.6 - Higher Education Investment Fund

Section 15-106.7 - Exemption From Nonresident Tuition for Children of State or Local Public Safety Employees

Section 15-106.8 - Exemption From Nonresident Tuition for Qualified Children of Undocumented Immigrants

Section 15-106.9 - Americorps Program Participants -- Waiver of Residency Requirement for In-State Tuition

Section 15-106.10 - Course That Teaches a Language or Communication Mode for Parents of Deaf or Hard of Hearing Children

Section 15-107 - Promotion of Economic Interests Through Arrangements With Private Sector

Section 15-108 - Employee Leave Time

Section 15-109 - Exemption of Provider of Utility Services From Jurisdiction of Public Service Commission

Section 15-110 - Printing of Social Security Number

Section 15-111 - Credit Card Marketing and Merchandising Conducted at Higher Education Institutions

Section 15-112 - Sale of College Textbooks

Section 15-113 - Development and Adoption of Guidelines and Policies

Section 15-114 - Degree Plans

Section 15-115 - Pathway Systems to Graduation

Section 15-116 - Financial Aid Dedicated to Community College Transfer Students

Section 15-117 - Standard Number of Credits for Degrees

Section 15-119 - Freedom of Speech and Freedom of Press in School-Sponsored Media

Section 15-120 - Registration of Individuals With Unpaid Balance on Student Account

Section 15-121 - Restrictions on Reduction of Financial Aid

Section 15-122 - Instruction in Substance Use Disorders, Effective Treatment, and Pain Management

Section 15-123 - Active Shooter Drill Requirement

Section 15-124 - Priority Course Registration for Eligible Service Member

Section 15-125 - Referral of Noncredit or Credit Course as Apprenticeship or Apprenticeship Training Course

Section 15-126 - Higher Education Institution Acceptance of Individual Achieving College and Career Readiness

Section 15-127 - Tuition, Payment, and Fees

Section 15-128 - Annual Appropriations in Budget -- Allocations to Institutions -- Uses

Section 15-129 - Historically Black Colleges and Universities Reserve Fund -- Purpose -- Administration -- Specified Uses

Section 15-130 - Legislative Findings and Declarations Regarding Health and Safety of Student Athletes -- Athletic Program Implementations -- Annual Report on Student Athletes

Section 15-131 - Prohibiting Public Institution of Higher Learning From Preventing Student Athletes From Earning Compensation From Use of Name, Image or Likeness.

Section 15-132 - Information Provided on Student Identification Cards

Section 15-133 - Legal Education Success Collaborative -- Purpose -- Administration -- Appropriations Supplemental