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Terms Used In Maryland Code, EDUCATION 14-410

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.
(a) (1) In this section the following words have the meanings indicated.

(2) “Academic year” means the period commencing with the fall semester and continuing through the immediately following summer session at St. Mary’s College of Maryland.

(3) “Fund” means the Higher Education Investment Fund established in § 15-106.6 of this article.

(4) (i) “Tuition” means the charges approved by the Board of Trustees of St. Mary’s College of Maryland that are required of all undergraduate resident students by the institution as a condition of enrollment regardless of the student’s degree program, field of study, or selected courses.

(ii) “Tuition” does not include:

1. Fees that are required of all undergraduate resident students by the institution as a condition of enrollment regardless of the student’s degree program, field of study, or selected courses;

2. Fees dedicated to support auxiliary enterprises and other self-funded activities of the institution; or

3. A fee required only for enrollment in a specific degree program, field of study, or course when that fee is not required of undergraduate resident students at the institution for enrollment in other degree programs, fields of study, or courses.

(b) Notwithstanding any other provision of law, for the academic years beginning in the fall of 2013 and the fall of 2014, the Board of Trustees may not approve and may not impose an increase in the tuition charged for an academic year to a resident undergraduate student at the institution over the amount charged for tuition at the institution in the preceding academic year.

(c) From the Fund, the Governor shall appropriate to St. Mary’s College of Maryland:

(1) For fiscal year 2014, $800,000; and

(2) For fiscal year 2015, $1,616,000.

(d) The calculation made under § 14-405 of this subtitle for the fiscal year 2016 General Fund grant shall include the fiscal year 2015 appropriation from the Fund made under this section.