§6–615.

    (a)    The governing body of each nonprofit institution of higher education shall submit a research endowment plan to the Authority prior to submitting its first request for a distribution of matching funds from the Fund.

    (b)    The research plan shall include:

        (1)    any information requested by the Authority to ensure compliance with the requirements of this subtitle; and

        (2)    a demonstration of interest from qualified private donors to meet the criteria established by the Authority.