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.
To qualify as a State-aided educational institution, an educational institution shall submit to the Department the following documentation:
The names of the members of an independent governing board for the institution;
Proof of status as a nonprofit organization;
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;
A detailed operating budget that:
For an educational institution other than the Baltimore Zoo, indicates that less than 50% of the operating budget comes from State grants;
Specifies all sources of income, including grants received, names of granting agencies, and the amount of each grant; and
Specifies all expenditures;
Plans for the use of any grant funds that may be awarded by the State-aided educational institutions grants programs;
Evidence of the provision of a direct service to Maryland school groups or to individuals with disabilities, including:
Data on age levels of students to be served;
Data on the projected number of students and teachers to be served both statewide and by local jurisdiction; and
Plans of the institution to support the goals of the Maryland Schools for Success Program and the Maryland School Performance Program; and
Evidence of liability insurance coverage.
An educational institution that seeks to qualify as a State-aided educational institution for funding in the fiscal year following the upcoming fiscal year shall submit before May 1 to the Maryland State Department of Education:
An augmentation request describing:
Who will be served;
The objectives of the educational program; and
The anticipated outcomes;
An application for qualification as a State-aided educational institution; and
Supporting documentation as described in § 5-501 of this subtitle.
The Department shall review applications for qualification as a State-aided educational institution and shall submit a list of the qualified institutions to the State Superintendent of Schools in June.
The State Superintendent shall:
Review and comment on the institutions on the list of qualified institutions and the extent and manner in which each would forward the goals of the Maryland Schools for Success Program and the Maryland School Performance Program; and
Present the list of qualified institutions and comments on each institution to the State Board at the July meeting for review and comment by the Board at the August meeting.
After the August meeting, the State Board shall submit to the Governor:
The list of qualified institutions;
The Superintendent’s comments on each institution; and
The Board’s comments, if any, on each institution.
The Department shall adopt regulations to implement this subtitle.