PARRIS N. GLENDENING, Governor

Ch. 7

4-YEAR PUBLIC INSTITUTIONS OF HIGHER EDUCATION IN THE STATE, AS
DESIGNATED BY THE COMMISSION FOR THE PURPOSE OF ADMINISTERING THE
JOSEPH A. SELLINGER PROGRAM UNDER TITLE 17 OF THIS ARTICLE IN THE
PREVIOUS FISCAL YEAR.

(2)     The State share shall be distributed to each board and shall be limited
by the provisions of subsection (c) of this section.

(3)     Subject to subsection (c) of this section, the total State share for each
board shall be the sum of:

(i)      The fixed costs component;

(ii)     The marginal costs component; AND

(iii)    The size factor component; AND

(IV)   A HOLD HARMLESS COMPONENT[;

(iv)    The wealth factor component; and

(v)     The challenge grant component].

(4)      (i) The funds available for the fixed costs component shall be [70%]
A SET PERCENTAGE 36% A SET PERCENTAGE of the year's total State operating fund AS
FOLLOWS:

1. FOR FISCAL YEAR 1998, 36% OF TOTAL FUNDING;

2. FOR FISCAL YEAR 1999, 37% OF TOTAL FUNDING; AND

3. FOR FISCAL YEAR 2000 AND EACH FISCAL YEAR
THEREAFTER, 38% OF TOTAL FUNDING AS FOLLOWS:

1. FOR FISCAL YEAR 1997, 36% OF TOTAL FUNDING;

2. FOR FISCAL YEAR 1998, 37% OF TOTAL FUNDING;

3. FOR FISCAL YEAR 1999, 38% OF TOTAL FUNDING; AND

4. FOR FISCAL YEAR 2000 AND EACH FISCAL YEAR
THEREAFTER, 39% OF TOTAL FUNDING.

(ii) The funds available for the fixed costs component shall be divided
and distributed to the community colleges in the same proportion in which the direct
grants were distributed in the prior fiscal year.

(5)      (i) For each board, the marginal costs component shall be the product
of the dollar amount per full-time equivalent student multiplied by the number of
full-time equivalent students at the board's community college or colleges.

(ii) The dollar amount per full-time equivalent student shall be
calculated by dividing [27%] 60% of the total State operating fund for the fiscal year by
the total number of full-time equivalent students at community colleges statewide.

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