Diploma and Certificate. Publicly Funded Students. A school providing a secondary school program in any one or a consecutive sequence of grades 9—12 shall offer a secondary school program that meets the requirements of COMAR 13A.03.02 for the issuance of a Maryland high school diploma. Beginning with students entering grade 9 in the 2005—2006 school year whose placement is paid for in any part by public funds, the Maryland high school diploma and the Maryland High School Certificate of Program Completion specified in COMAR 13A.03.02 issued by a local school system or the State Board shall be the diploma or certificate for which a school shall prepare a student. Privately Funded Students. The secondary school diploma issued by a nonpublic school to students whose placement is paid for with private funds shall meet the enrollment, credit, and student service requirements specified in COMAR 13A.03.02. Beginning with students entering grade 9 in the 2005—2006 school year whose placement is paid for by private funds, the secondary school diploma issued by a nonpublic school is the diploma for which a nonpublic school shall prepare a student. The secondary school diploma of the school: Shall state the name of the school; Shall state the name of the legal authority; Shall state the month, day, and year of issuance of the diploma; May not imply that the requirements for graduation from a Maryland public high school have been met; and May state that the school holds approval from the State Board. Unit of Credit. A school, including a school providing a special education program, that grants secondary school credits shall have a written policy defining a unit of credit and any partial unit of credit granted by the school based on one or more of the methods described in §B(2)—(5) of this regulation. Clock Hours. If a school defines a unit or partial unit of credit as the number of clock hours required by the local school system where the facility is located or a minimum of 120 clock hours of instruction, or fraction of 120 clock hours for a partial unit of credit, the definition shall include the percentage of curricular objectives the student must successfully complete and the minimum grade required to earn the unit or partial unit of credit. Successful Demonstration of Learning Outcomes. If a school defines a unit of credit as successful demonstration of learning outcomes: The learning experiences may occur outside the approved educational program; and The curriculum of a school shall include performance requirements and teacher implemented evaluation procedures. Credit by Exam. If a school grants a unit of credit when a student passes an examination that assesses student demonstration of curricular objectives for a specific course, the policy of the school defining the unit of credit shall include the minimum percentage grade required to earn the unit of credit. College Credit. If a student earns credit for a course taken at an IHE, a school may grant a unit of credit, with the approval of the local school system. Transcript. A secondary school shall be prepared to present as a separate document a current and cumulative transcript of the secondary school record of each student for each year of enrollment, which includes the following: School's name; School's location address; School's telephone number; Student's first, middle, and last names; Month, day, and year of student's birth; Student's home address; Credits and grades earned in each subject area in each grade; Code for the meaning of the grading system; Designation of transfer credits and name of school originally granting the credits; Month, day, and year the student initially entered the school's secondary school program; Month, day, and year the student withdrew or graduated; Total days of attendance during each school year in the school; Summary of State test requirements, including test dates and scores, as applicable; and Summary of service learning hours completed. A school shall have written policies and procedures for permanently maintaining the original or a legible copy of the secondary school transcript of each student who has been enrolled in the school. Before a secondary school ceases operation, the legal authority of the school shall file with the Department, in alphabetical order, the original or a legible copy of the secondary school transcript for each student who has been enrolled in the school.