Section 13-804 - Actual costs. - Maryland Statutes

§ 13-804. Actual costs.
 

(a)  Exclusions.- To calculate the actual costs of the professional instructional program of the College, costs associated with graduate education, continuing education, the agricultural experiment stations, cooperative extension services, and expenditures associated with contractual grant research shall be excluded. 

(b)  Supplying cost data.- The Executive Vice President and Chief Business Officer of the Virginia Polytechnic Institute and State University shall be responsible for providing the Board with the cost data upon which the actual costs of the professional instructional program of the College shall be determined after consulting with the fiscal support staff of the Virginia Polytechnic Institute and State University and the University of Maryland, College Park. 

(c)  Determination of general fund contribution levels.- To determine the appropriate level of general fund contributions for meeting the actual costs of the professional instructional program of the College to be requested from the executives and legislatures of the State of Maryland and the Commonwealth of Virginia, respectively, revenues estimated to be generated by tuition fees and charges, appropriate federal funds, instructional fees, and other instructional sources of income shall be subtracted from the calculations. 

(d)  Appropriate levels to be provided.- The State of Maryland shall provide the appropriate level of general funds to meet the financial requirements of the professional instructional program of the College. 
 

[1998, ch. 642; 2003, ch. 21, § 7.]