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Section 18-3203 - Amount of Award — Maryland Law | CourtGPT
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  8. Section 18-3203 - Amount of Award
Maryland Legal Code

Section 18-3203 - Amount of Award

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(a) Subject to the availability of funds appropriated under subsection (b) of this section, the award amount under the Program shall be equal to the lesser of: (1) $5,000; or (2) 10% of the eligible individual’s total higher education loan debt for each year the individual qualifies for the Program. (b) The Governor annually shall include an appropriation of $100,000 in the State budget for the Commission to disburse assistance under this subtitle.