Maryland Education Section 5-501

      (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.

      (b)      To qualify as a State-aided educational institution, an educational institution shall submit to the Department the following documentation:

            (1)      The names of the members of an independent governing board for the institution;

            (2)      Proof of status as a nonprofit organization;

            (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;

            (4)      A detailed operating budget that:

                  (i)      For an educational institution other than the Baltimore Zoo, indicates that less than 50% of the operating budget comes from State grants;

                  (ii)      Specifies all sources of income, including grants received, names of granting agencies, and the amount of each grant; and

                  (iii)      Specifies all expenditures;

            (5)      Plans for the use of any grant funds that may be awarded by the State-aided educational institutions grants programs;

            (6)      Evidence of the provision of a direct service to Maryland school groups or to individuals with disabilities, including:

                  (i)      Data on age levels of students to be served;

                  (ii)      Data on the projected number of students and teachers to be served both statewide and by local jurisdiction; and

                  (iii)      Plans of the institution to support the goals of the Maryland Schools for Success Program and the Maryland School Performance Program; and

            (7)      Evidence of liability insurance coverage.