Sec. 13b.07.06.03. Reporting to Commission

A. No later than 60 days after the end of a designated time period, a college requesting matching funds from the State under Education Article, §16-321, Annotated Code of Maryland, shall provide to the Commission, for each eligible institution, a report containing the information set forth in §B of this regulation.

B. For each eligible donor, the college shall provide, in a format specified by the Commission:

(1) An itemized list of all monetary and equipment donations made during the designated time period that includes a description of the purpose for which the eligible contribution was or will be used; and

(2) Documentation, from the donor, of each monetary or equipment donation made during the designated time period showing that the donation was specifically designated to improve the college’s technology.

C. A college shall provide additional or alternate documentation to the Commission upon the Commission’s request.

D. If a college requesting matching funds does not already provide a copy of its annual audit and management report to the Commission, it shall submit one within 90 days of the close of each fiscal year.

E. On or before August 1, 2022, and on or before August 1, 2024, a college shall provide to the Commission, for each eligible institution, a report specifying how all eligible contributions and State matching funds granted under this program were used.