# COMAR 24.05.22.08: COMAR 24.05.22.08. Reallocation of Funds

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_08

## Section

- **Citation:** COMAR 24.05.22.08
- **Heading:** COMAR 24.05.22.08. Reallocation of Funds
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Code of Maryland Regulations / Title 24 DEPARTMENT OF COMMERCE / Subtitle 05 ECONOMIC DEVELOPMENT / Chapter 22 Maryland E-Nnovation Initiative Program / COMAR 24.05.22.08

## Text

If a nonprofit institution of higher education fails to have deposited into its research endowment the required amount of qualified donations within 90 days after the Authority approves a request for distribution of matching funds:
A. The nonprofit institution of higher education shall return any matching funds received from the Authority with respect to the distribution request within 10 business days of the expiration of the 90-day period; and
B. Any funds allocated to that nonprofit institution of higher education for the fiscal year that have not been distributed shall be reallocated by the Authority in accordance with the Act and this chapter.
Cross References 24.05.22.04C

## Nearby sections

- [COMAR 24.05.22.01 COMAR 24.05.22.01. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_01.md)
- [COMAR 24.05.22.02 COMAR 24.05.22.02. Designated Fields of Scientific and Technical Fields of Study; Expenditure of Endowment Proceeds](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_02.md)
- [COMAR 24.05.22.03 COMAR 24.05.22.03. Application — Requirements](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_03.md)
- [COMAR 24.05.22.04 COMAR 24.05.22.04. Application — Authority Review](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_04.md)
- [COMAR 24.05.22.05 COMAR 24.05.22.05. Research Endowment Plan — Requirements](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_05.md)
- [COMAR 24.05.22.06 COMAR 24.05.22.06. Distributions — Documentation Required](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_06.md)
- [COMAR 24.05.22.07 COMAR 24.05.22.07. Distributions — Authority Review](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_07.md)
- [COMAR 24.05.22.08 COMAR 24.05.22.08. Reallocation of Funds](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_08.md)
- [COMAR 24.05.22.09 COMAR 24.05.22.09. Reporting Requirements](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_09.md)
- [COMAR 24.05.22.10 COMAR 24.05.22.10. Audits and Inquiries](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_10.md)
- [COMAR 24.05.22.11 COMAR 24.05.22.11. Noncompliance with Approved Research Endowment Plan](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_11.md)
- [COMAR 24.05.22.12 COMAR 24.05.22.12. Waiver](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_12.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_24_05_22_08. Check the current official text before relying on it. Not legal advice.