§ 17-301 Definitions
§ 17-302 Payments from State relative to private donations
§ 17-303 Audits
§ 17-304 Allocation of payments made
§ 17-305 Prohibited use
§ 17-306 Regulations; annual report

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Terms Used In Maryland Code > EDUCATION > Division III > Title 17 > Subtitle 3 - Private Donation Incentive Program

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • County: means a county of the State or Baltimore City. See
  • Donor: The person who makes a gift.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See