(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.
Structure Maryland Statutes
Division I - Secretary of Commerce and Department of Commerce
Title 6 - Economic Development Tax Incentives
Subtitle 6 - Maryland E-Nnovation Initiative Program
Part III - Research Endowments
Section 6-612 - General Consideration
Section 6-613 - Qualified Donations