714                                 Laws of Maryland                        [Ch. 349

5.

(A) EXCEPT FOR REGIONAL COMMUNITY COLLEGES,
THE COUNTY SUPERINTENDENT OF SCHOOLS (AND IN
BALTIMORE CITY THE SUPERINTENDENT OF PUBLIC
INSTRUCTION) SHALL SERVE AS SECRETARY AND
TREASURER TO THE BOARD OF TRUSTEES. THE PRESI-
DENT OF THE COMMUNITY COLLEGE SHALL ATTEND
ALL MEETINGS OF THE BOARD, EXCEPT THOSE IN-
VOLVING HIS PERSONAL POSITION AS PRESIDENT. EX-
CEPT FOR REGIONAL COMMUNITY COLLEGES, THE BOARD
OF TRUSTEES, THE SUPERINTENDENT, AND THE PRESI-
DENT OF THE COMMUNITY COLLEGES ARE CHARGED
WITH THE PREPARATION OF THE ANNUAL BUDGET, ITS
PRESENTATION TO THE COUNTY COMMISSIONERS,
COUNTY COUNCIL, OR THE BOARD OF ESTIMATES OF
BALTIMORE CITY, AND THE RECEIPT AND EXPENDI-
TURES OF BUDGETED FUNDS UNDER AN ADEQUATE
ACCOUNTING SYSTEM, SUBJECT TO REVIEW BY THE
AUDITOR OF THE COUNTY OR OF BALTIMORE CITY, AS
THE CASE MAY BE. EACH COMMUNITY COLLEGE SHALL
SUBMIT ITS BUDGET, INCLUDING PERSONNEL DETAIL,
TO THE STATE BOARD FOR COMMUNITY COLLEGES FOR
INFORMATIONAL PURPOSES. THE BOARD OF TRUSTEES
SHALL BE STYLED "THE BOARD OF TRUSTEES OF

........................ COMMUNITY (OR JUNIOR) COLLEGE" AND

IT MAY ADOPT A CORPORATE SEAL. EXCEPT FOR RE-
GIONAL COMMUNITY COLLEGES, THE CHAIRMAN OF THE
BOARD OF EDUCATION OR THE BOARD OF SCHOOL COM-
MISSIONERS IS THE CHAIRMAN OF THE BOARD OF
TRUSTEES.

7.

(a)    Each community college or regional community college oper-
ating under the provisions of this subtitle shall be financed on the
general basis of receiving [forty-five per cent (45%)] fifty per cent
(50%) of its current expenses from the State, thirty per cent (30%)
TWENTY-EIGHT PERCENT (28%) from the county or counties
(or Baltimore City) for which it is established, and [twenty-five per-
cent (25%)] twenty per cent (20%) TWENTY-TWO PERCENT
(22%) from fees and charges required from students at the com-
munity college. In this computation, "current expenses," shall be
the product of the per-student operating cost for the [preceding
school] current fiscal year [or academic term] multiplied by the num-
ber of full-time equivalent students enrolled in the current [school]
fiscal year [or academic term]. The FOR THE PURPOSES OF DE-
TERMINING THE STATE SHARE OF FINANCING, THE num-
ber of full-time equivalent students shall be computed by dividing the
student credit hours produced in the fiscal year by thirty (30).

(b)    Beginning for the State's fiscal year which commences on
July 1, [1969] 1971, the Governor shall place in the State budget
an item to pay the State's [forty-five per cent (45%)] fifty per cent
(50%) share to each of the community colleges operating under this
subtitle. It shall not exceed the sum of [eighteen dollars ($18.00)
per week per term for each full-time equivalent student at any com-
munity college, not to exceed a maximum of two hundred and seventy