Maryland Code, Education § 11-210

(a)(1) In this section the following words have the meanings indicated.

(2) “Annual revenue” means the revenue generated during an institution of postsecondary education's fiscal year that can be included in its calculation related to compliance with 20 U.S.C. § 1094(a)(24).

(1) A for-profit institution of higher education approved to operate in the State;

(2) A for-profit institution of higher education that enrolls Maryland residents in a fully online distance education program in the State; and

(3) A private career school approved to operate in the State that has not been determined by the Internal Revenue Service to be an organization to which contributions are tax deductible in accordance with § 501(c)(3) of the Internal Revenue Code.

(1) Be approved by the Commission to receive education assistance under the federal Post-9/11 Veterans Educational Assistance Act of 2008; and

(2) Have received funds to pay for students' tuition, fees, or other institutional charges through Title IV of the federal Higher Education Act of 1965 during the prior academic year for which the tuition, fees, and other institutional charges collected per full-time equivalent student enrolled would not be covered in full by the amount of the maximum level of federal Pell Grant funds.

(1) In 2 out of 3 of the immediately preceding fiscal years the institution or school fails to satisfy the provisions of subsection (d) of this section; or

(2) For 2 consecutive years the institution or school fails to satisfy the provisions of subsection (d) of this section.